What to Know About Residential Theft Insurance Claims in NY

What to Know About Residential Theft Insurance Claims in NY

Many insurance policies cover wind, fire, and water cases as well as theft and vandalism. When your possessions are stolen or destroyed by an intruder, most insurance policies will cover \ up to a certain amount. To learn more about theft insurance claims, continue reading and reach out to our experienced insurance law attorney. If your home has been burglarized or vandalized, contact our firm. We will protect your rights through the claim process.

Review Your Policy 

It is important that you carefully review your policy if you are the victim of theft or vandalism of your home. Many policies have limits to how much they will pay. The maximum limit provided in your policy may not cover the loss of items that were stolen or destroyed that are not individually identified in your policy. Your coverage may be subject to deductibles and other coverage limits. Your loss must exceed the amount of your deductible before the coverage is triggered. Policies often set specific item or category coverage limits on more valuable items.

Do I need additional coverage?

You may need to purchase additional coverage if you are subject to coverage limits on items such as money, jewelry, antiques, artwork, electronics, or other valuables.

What steps should I take following a burglary or vandalism?

If your home has been robbed or vandalized, the first step you should take is to alert the authorities. This is an important step because you may need to provide your insurance company with a police report to prove that you were robbed or vandalized. If your items were stolen, you may have to document what is missing. You may also be required to prove that you were the owner of said items. In these circumstances, some insurance companies may take advance of you by chipping away at your claim. It is important to consider the fact that the limits on coverage can be complex. This is a great way for insurance companies to attempt to pay less. Insurance companies’ main focus is to make a profit. Paying you what you are owed is not always their priority.

This is why it is important that you retain the services of an experienced insurance law attorney who has knowledge of policy language and insurance law in New York. Our firm has over 20 years of experience fighting for the insured. To learn more about how we can assist you after an act of robbery or vandalism, give our firm a call today.

Contact our experienced New York City firm

The Law Office of Craig A. Blumberg is an experienced New York City insurance law firm. If you require quality assistance after having suffered a property loss due to a fire, a flood, a severe storm or a robbery, please do not hesitate to contact our firm to schedule a free initial consultation. A knowledgeable attorney on your side in your time of need can make all the difference.