I recently have a backpack stolen, and in it be my laptop, headphones, camera, and other valuables. Once I recount the insurance agent the value of the replacements, do they adjust those numbers and bequeath me a lower sum?
Answers: Does your policy say it'sdepreciated?
The means of access it works, you list out the items, and provide proof of ownership - usually credit card receipts for them, which show when they be purchased. The "allowable" items (as there are limitations on things resembling cash and jewelry) are after depreciated for age. If you have a 10 year prehistoric laptop, well, we both know how little that's worth.
The policy initially pays deprecated significance, less your deductible.
If you next have replacement cost on contents, on your policy, you move about out and replace with approaching kind & point. After you've replaced them, you turn in the receipts & upc's to the adjuster, and after the adjuster pays the difference between the depreciated value, and the replacement cost.
Even if you hold replacement cost, you don't GET replacement cost, unless you replace. Your agent should be explaining this to you.
Depends on what kind of coverage you purchased. Replacement Value policies are not depreciated. Read your policy...Sorry for your loss. Depends on what type of policy you hold.
Depends on if you had full replacement expediency or not.minus any deductible...
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Answers: Does your policy say it'sdepreciated?
The means of access it works, you list out the items, and provide proof of ownership - usually credit card receipts for them, which show when they be purchased. The "allowable" items (as there are limitations on things resembling cash and jewelry) are after depreciated for age. If you have a 10 year prehistoric laptop, well, we both know how little that's worth.
The policy initially pays deprecated significance, less your deductible.
If you next have replacement cost on contents, on your policy, you move about out and replace with approaching kind & point. After you've replaced them, you turn in the receipts & upc's to the adjuster, and after the adjuster pays the difference between the depreciated value, and the replacement cost.
Even if you hold replacement cost, you don't GET replacement cost, unless you replace. Your agent should be explaining this to you.
How do the insurance companies attitude single folks?
Depends on what kind of coverage you purchased. Replacement Value policies are not depreciated. Read your policy...Sorry for your loss. Depends on what type of policy you hold.
Depends on if you had full replacement expediency or not.minus any deductible...
Resolved Questions: