Separate Riders and Documentation are the Keys to Getting a Contents Claims Paid

Originally published by Charles Mathis.

A major problem insureds regularly face after suffering a loss of any kind is documenting their contents claim. Most people do not keep receipts or detailed lists of all contents of their homes and proving proof of your lost contents can become very difficult. Even if you keep a list, it is entirely possible that the list was lost along with all of the property.
The standard and most commonly used Homeowner’s Insurance Policy, the H03, has sub-limits that provide a limit on the value of any item of personal property that the insurance company will pay. Often, this sub-limit is insufficient to replace your valuables.

Insureds can protect themselves in a few different ways. The first is getting separate insurance riders for high value items. If you have jewelry or fine art, its good practice to have the items appraised and submitting the appraisals to their carriers and asking that they add a rider to their homeowner’s insurance policy for those items. Adding a rider to your…

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