Many insurance companies require more documentation and proof of ownership for theft losses. This is due to the nature of the loss and the fact that target items are typically high dollar or unique. This makes theft claims one of the more challenging types of claims.
Carriers commonly require a detailed list of the stolen property, their value, and proof of ownership for each item. In many instances adjusters will also require recorded statements and examinations under oath as part of the investigation process.
Theft losses can include more than just monetary effects on a policy holder. Theft and vandalism can cause irreversible harm, loss of sentimental items that cannot be replaced, and damage to your property. Seeking expert advice during a theft claim is crucial to navigating your policy and understanding your specific coverage. Hiring a public adjuster can help policyholders to receive peace of mind during the claims process and receive appropriate compensation.