Burglary is defined as “entry into a building illegally with intent to commit a crime, especially theft”.
There are some preventive steps that may be taken to reduce the chance of theft to the property. Some of these steps include but not limited to installing an alarm system, or making sure that there is sufficient lighting around the property during the night. Some insurance companies may provide a discount in their rates for having the additional security at the property.
Most insurance policies are very specific about burglary related damage. Burglary claims may involve both structural and personal property damage. In case of theft claim, it is very important to file a report with the local police department. Most insurance companies may require a police report if a claim for burglary was filed. The police departments can also assist the insurance companies to possibly recover the damages if the suspects are arrested. The burglary claims mainly occur in areas with high crime rate.
If the insured or the insurance company do not agree on the burglary loss amount, an appraisal clause may be invoked under the policy terms and conditions.
“Most standard policies contain an appraisal provision, which can be helpful in the event that you do not agree with your company on the amount of loss. Read your policy to see if it contains one. Under this provision, either of you can demand an appraisal. Each party selects a competent appraiser. The appraisers then select an umpire. If the appraisers cannot agree on the amount of loss, their differences are submitted to the umpire. An amount that any two agree upon is binding. Each party pays its appraiser; the umpire fee is shared.” Source: www.insurance.ca.gov
A public adjuster may assist the policyholder in dealing with their insurance company and any other parties who are involved in the claims process and the repairs.
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