Completing A Proof Of Loss Statement For Your Property Damage Claim
Property damages in Daytona Beach can happen for a variety of reasons. Property owner’s insurance can help you avoid paying thousands of dollars in repairs or replacement costs out of pocket, but filing a property damage claim often proves challenging. As for-profit businesses, it is not uncommon for insurers to find reasons to either deny or downplay your claim. Having a detailed and thoroughly completed proof of loss statement can help to ensure you get the compensation you deserve.
Filling Out A Proof Of Loss Statement
According to the Insurance Information Institute (III), roughly one out of every 20 insured homeowners ends up having to file a property damage claim each year. The most frequently cited reasons for claims are storms resulting in rain, wind, and hail damage, which is particularly common in the Daytona Beach area.
One of the first things you need to do when property damages happen is to locate your property owner’s insurance policy. This provides proof of coverage and information on policy limits, which determine whether you are entitled to payment and the maximum amount you can expect to receive. In filing a claim, you will be required to submit a proof of loss statement. This is an official, notarized form used by the insurance company. Your policy documents will likely specify how to fill out this form and the types of information that should be included. Commonly requested items in a proof of loss statement include:
- Detailed information about the cause of the loss: Be sure and include the exact date and time it happened and the precise reason (such as wind, rain, hail, vandalism, or theft).
- The total amount and value of items lost or damaged: Allstate Insurance recommends making a complete inventory of your property as soon as you purchase your property damage insurance policy. Keep receipts and take pictures of each item, as these can be used as supporting documents in filing a proof of loss statement.
- The estimated cost of repairs or replacements: Get an estimate from local contractors and look online to determine not only the value of your property but the total costs to replace it.
- The parties who are covered under the policy: In addition to compensating you for any losses, your property damage policy may also prevent you from being held personally liable for losses suffered by guests to your home or neighbors impacted by the damage to your property, such as a fallen tree.
- Third parties with an interest in the property: If you are still paying on your mortgage or a personal loan for the property, be sure and include the name of the lender.
Let Us Help You Today
At Bundza & Rodriguez, we provide the trusted legal guidance you need to get the maximum amount in your property damage claim. For help in dealing with insurers or in completing a proof of loss statement, reach out and contact our Daytona Beach property damage attorneys to request a consultation today.