5 Things That Can Invalidate a Burglary Insurance Claim
by Admin
Posted on 27-03-2023 12:01 PM
By rowan barry | 18th june 2021
a burglary is traumatic enough, without going on to find that your insurance claim has been turned down. There are a number of common reasons why this might happen. Read on as we explain how you can avoid an invalid claim, and escape falling victim to burglary in the first place.
The following all have potential to cause issues with claiming on your home contents insurance policy following a burglary, and some can also make you more of a target for burglars too.
Well, even though you weren’t exactly inviting the burglar in, from an insurance standpoint, you as the homeowner would still have to file a claim through your own policy. Further, oftentimes in the event of a burglary, the intruder is never identified or caught. Unless your home is equipped with some high-tech security cameras, you may not get the chance to ever confront or press charges against the burglar. Luckily, your own insurance would still help you to recover.
What Does Homeowners Insurance Cover?
burglary damage insurance claimThe first thing to understand is that each coverage in a homeowners policy has a limit.
A limit is the maximum amount your insurer will pay toward a covered claim. Also, keep in mind that some coverages have a deductible. A deductible is your share of the cost for a covered claim. Your agent can help you choose or adjust your homeowners insurance limits and deductibles to fit your needs.
Fact: not all homeowners insurance policies are created equal. When it comes time to file a claim, many homeowners find that their policy covers only certain types of damage. “as a homeowner, you should thoroughly read your policy before you need it. Review your declarations page in order to fully understand what your policy covers and what your deductible will be for various types of losses,” says raymond plante, vice president of account services at rainbow international restoration. “this way, you aren’t hit with any unexpected surprises when you have to report a claim,” says plante. When an unfortunate event happens (like a windstorm or a burglary), you’ll likely file a claim with your insurance company.