I HAVE SPECIFICALLY INSURED ANTIQUE ITEMS LISTED ON MY HOMEOWNERS POLICY. IF I HAVE A TOTAL LOSS, WOULD THE INSURANCE COMPANY PAY ME THEIR INSURED VALUE?
Your insurance company would first confirm the value of the items with one or more independent antique dealers. You should then be paid a dollar value based on the dealer(s) estimate of the worth of the antique items. If you disagree with the settlement offered by your company, then you can follow the dispute resolution process outlines in your policy. There is a simpler way. Get appraisals and have your company agent establish what the values are specifically in the policy. You should also keep your appraisals up to date.
Your insurance company would first confirm the value of the items with one or more independent antique dealers. You should then be paid a dollar value based on the dealer(s) estimate of the worth of the antique items. If you disagree with the settlement offered by your company, then you can follow the dispute resolution process outlines in your policy. There is a simpler way. Get appraisals and keep your appraisals up to date.
Your insurance company would first confirm the value of the items with one or more independent antique dealers. You should then be paid a dollar value based on the dealer(s) estimate of the worth of the antique items. If you disagree with the settlement offered by your insurer, then you can follow the dispute resolution process outlined in your policy. There is a simpler way. Get appraisals and have your agent establish the stated values in the policy. You should also keep your appraisals up-to-date.
Related Questions
- I have specifically insured antique items listed on my homeowner’s insurance policy. If I have a total loss, would the insurance company pay me their insured value?
- I have specifically insured antique items listed on my homeowners insurance policy. If I have a total loss, would the insurance company pay me their insured value?
- I HAVE SPECIFICALLY INSURED ANTIQUE ITEMS LISTED ON MY HOMEOWNERS POLICY. IF I HAVE A TOTAL LOSS, WOULD THE INSURANCE COMPANY PAY ME THEIR INSURED VALUE?