Kansas Homeowners Insurance Companies Recommend You Take An Inventory

One of the main reasons an inventory is done is so that the owner can examine it after an accident or bad weather.

Home insurance can cover many different things. This includes the house itself, adjoining pieces of property that may not be part of the main structure, and the owner’s personal effects. If a claim is filed, the company will need information about the exact type of damage that occurred before paying the policyholder. In the event that personal property or items inside the home are damaged, it may be difficult to provide this type of information without an inventory.

Claim denials can still occur even if the owner did everything right. When an owner the insurance application is refusedthe applicant can obtain further assistance from a insurance attorney in Wichita to take stock of their situation.

What is an inventory?

It is basically a list of everything of value inside a house. While the format of this inventory doesn’t matter too much, there should be basic identifying details for each item, its approximate value, and its location in the home. While high value items should always be included, other things can also be included, even if they are not of significant value. Very high value items may require some sort of additional coverage beyond the standard home insurance.

One of the main reasons an inventory is done is so that the owner can examine it after an accident or bad weather. This should remind the applicant of everything they owned and potentially damaged items, even if they were destroyed or lost in the incident.

The value of a claim

Aftermath of tornado; image by Mick Haupt, via Unsplash.com.

Owners should be aware that a claim will not always pay exactly what they lost. There is usually a deductible that must be paid out of pocket by the owner before the cover begins to cover further losses. For goods inside the house, the supplier will also take depreciation into account. For example, this means that an item that was worth one hundred dollars when new would only be assessed by the insurance company at fifty dollars if it was several years old.

Refusal of claim

There are also situations where a claim will not be paid at all. Insurance companies can deny claims for all kinds of reasons. In some situations, the denial is legitimate because the owner may not have coverage for certain types of losses in their policy. Other times, the insurance company makes a mistake or acts in bad faith and denies a legitimate claim. Legal aid is recommended after a denial of a claim.

More help with insurance claims

USAAttorneys.com is a website that helps people who have problems with landlords kansas insurance claims and other states. The site contains listings of attorneys in each state in various practice areas.

Kristan F. Talley