Have you file a homeowner's insurance claim for embezzlement - did they terminate you?
I had some jewelry stolen and am afraid if I file a claim the company will overthrow my policy, I have car, house and go with them. Not sure what a claim will involve.
Answers:
You shouldn't risk getting cancelled unless you've had prior claims before, especially for burglary of items like jewelry or laptops, claims that could easily be fake, while you're off pawning the items.
I have a laptop stolen from me (quite legitimately, unfortunately). I filed a claim for it, nothing really happen to me. Though the claim made it harder to shop for new insurance later, for 3 years or so.
No they don't usually cancel a policy for filling a claim.
It must be a lawful theft (break-in) and you would have a police report.
They might ask you for bills (proof that you owned it) and pictures if you enjoy any.
Most policies have a limit on jewels ($200 or $300). Unless you chose a specific amount at the time you took out insurance and insured those items separately. You better check your policy
They shouldn't cancel you, but sometimes smaller amount reputable companies will.
If they are a good company and value your other business they won't. You would be amazed at how much verbs you have with this company since you seem to be to have 3 or 4 other policies.
If they try to raise your rates, bid and ask them why. You might be able to haggle.
If they really give you grief over it, remember that every state have a department of insurance whose job it is to regulate insurance companies that you can call and complain to. This should be your second avenue of approach AFTER you first complain to the company.
--If you do complain to the company because of a problem, be serenity, polite and reasonable. If they still treat you like dirt next escalate to the state agency.
BOTTOM LINE:
Don't worry too much. Insurance companies expect losses on occasion.
Be on the lookout for "low-ball" offer though. If the cost to replace your loss is $10,000 and you are offered $1,000, then you should at the very tiniest haggle for more money. Source(s): Insurance regulator who works for one of those state agencies.
Well, unless you had the jewelry specifically programmed - like on a jewelry floater - there is a THEFT curbing on your policy. It varies, but is usually around $1,000 to $1,500. So I don't know what your deductible is, or what the value of the stolen jewelry is, but if it's planned, file, they won't cancel you for one claim. If it's not programmed, you might want to seriously think about not file. Source(s): agent, 21+ years
Most reputable companies will not cancel your coverage for filing a claim.. and it's not true that you hold to have signs of a break-in to file a stolen jewelry claim. If you have jewelry scheduled on your policy..... specific pieces appraised and listed on your policy that you rewarded for under a form of an "inland marine" type of coverage specific to a homeowner's policy.. then you can simply lose them.. or lose a stone from a ring that be listed.. and it would still be covered. Call your claims office or your agent and they will rob you through the process. It's painless.
In future.. if you have some expensive pieces that you don't enjoy scheduled.. it's a good view to have them photographed.. put copies in a sheltered place.. safe deposit box.... and give a copy to your agent.
But after it's also a good idea to shift through your whole house and video each room.. contained by the event of a fire, or major loss... you would be asked to list everything you owned... It's surprising how at a rate of knots your mind goes blank. Source(s): 20 yrs.. Insurance claims adjuster
Multiple claims contained by a 5yr period, or possible fraud is when insurance companies start to cancel policies. Each company is different surrounded by how they do this, but typically a theft claim falls into the same category as vandalism and fire. If you hold another claim in 5 yrs. lets influence, a pipe burst, then yes, you may receive a cancellation awareness after you receive the claim $$$.
Also know that a theft claim will raise your HO policy's rates for the subsequent 5yrs! The Industry average is a 28% increase for theft claims in my state, CO.
So pick your claims attentively or it could cost you more than the jewelry is worth. Source(s): Insurance Agent
Related Questions:
Answers:
You shouldn't risk getting cancelled unless you've had prior claims before, especially for burglary of items like jewelry or laptops, claims that could easily be fake, while you're off pawning the items.
I have a laptop stolen from me (quite legitimately, unfortunately). I filed a claim for it, nothing really happen to me. Though the claim made it harder to shop for new insurance later, for 3 years or so.
No they don't usually cancel a policy for filling a claim.
It must be a lawful theft (break-in) and you would have a police report.
They might ask you for bills (proof that you owned it) and pictures if you enjoy any.
Most policies have a limit on jewels ($200 or $300). Unless you chose a specific amount at the time you took out insurance and insured those items separately. You better check your policy
They shouldn't cancel you, but sometimes smaller amount reputable companies will.
If they are a good company and value your other business they won't. You would be amazed at how much verbs you have with this company since you seem to be to have 3 or 4 other policies.
If they try to raise your rates, bid and ask them why. You might be able to haggle.
If they really give you grief over it, remember that every state have a department of insurance whose job it is to regulate insurance companies that you can call and complain to. This should be your second avenue of approach AFTER you first complain to the company.
--If you do complain to the company because of a problem, be serenity, polite and reasonable. If they still treat you like dirt next escalate to the state agency.
BOTTOM LINE:
Don't worry too much. Insurance companies expect losses on occasion.
Be on the lookout for "low-ball" offer though. If the cost to replace your loss is $10,000 and you are offered $1,000, then you should at the very tiniest haggle for more money. Source(s): Insurance regulator who works for one of those state agencies.
Well, unless you had the jewelry specifically programmed - like on a jewelry floater - there is a THEFT curbing on your policy. It varies, but is usually around $1,000 to $1,500. So I don't know what your deductible is, or what the value of the stolen jewelry is, but if it's planned, file, they won't cancel you for one claim. If it's not programmed, you might want to seriously think about not file. Source(s): agent, 21+ years
Most reputable companies will not cancel your coverage for filing a claim.. and it's not true that you hold to have signs of a break-in to file a stolen jewelry claim. If you have jewelry scheduled on your policy..... specific pieces appraised and listed on your policy that you rewarded for under a form of an "inland marine" type of coverage specific to a homeowner's policy.. then you can simply lose them.. or lose a stone from a ring that be listed.. and it would still be covered. Call your claims office or your agent and they will rob you through the process. It's painless.
In future.. if you have some expensive pieces that you don't enjoy scheduled.. it's a good view to have them photographed.. put copies in a sheltered place.. safe deposit box.... and give a copy to your agent.
But after it's also a good idea to shift through your whole house and video each room.. contained by the event of a fire, or major loss... you would be asked to list everything you owned... It's surprising how at a rate of knots your mind goes blank. Source(s): 20 yrs.. Insurance claims adjuster
Multiple claims contained by a 5yr period, or possible fraud is when insurance companies start to cancel policies. Each company is different surrounded by how they do this, but typically a theft claim falls into the same category as vandalism and fire. If you hold another claim in 5 yrs. lets influence, a pipe burst, then yes, you may receive a cancellation awareness after you receive the claim $$$.
Also know that a theft claim will raise your HO policy's rates for the subsequent 5yrs! The Industry average is a 28% increase for theft claims in my state, CO.
So pick your claims attentively or it could cost you more than the jewelry is worth. Source(s): Insurance Agent
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