Knowledge BaseClaims & Settlement

Insurance Claims: Documentation That Gets Your Claim Paid

By

Investor Friendly Insurance

Published

3/5/2024

Read Time

10 min

Documenting Your Property for Claims

Proper documentation before loss occurs is critical for claim success. Insurers need evidence of property value and condition to pay claims fairly.

Pre-Loss Documentation

Photograph and video all property features, conditions, and improvements. Document renovations and upgrades. Maintain receipts for significant expenses. Create a detailed property inventory.

After a Loss Occurs

Photograph all damage from multiple angles. Document the sequence of damage. Preserve damaged items for inspection. Get written estimates from contractors. Keep detailed notes of conversations with adjusters.

Personal Property Documentation

For contents coverage, maintain an inventory with photos and receipts. For furnished short-term rentals, document all furnishings with value estimates.

Damage Mitigation

Take reasonable steps to prevent further damage (e.g., covering roof damage with a tarp). Insurance may reduce payments if you failed to mitigate damage.

Working with Adjusters

Be honest and complete with adjuster interviews. Provide all documentation promptly. Request detailed estimates for repairs. Challenge lowball valuations with independent estimates.

About This Article

Proper documentation is essential for successful claims resolution.

Claims & Settlement10 min read

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