answersLogoWhite

0

My house burned down and I am trying to file a claim for fire and smoke damage. How do insurance companies know how much to compensate for the damage? Do they look at your inventory list?

User Avatar

Wiki User

14y ago

What else can I help you with?

Related Questions

Do international moving companies all offer insurance on products?

"Most international moving companies offer insurance of varying amounts of coverage. Some companies will include it with their fee, others will give you an option to add insurance for an additional cost."


What insurance companies offer no medical exam life insurance?

Check with equote.com for no medical exam life insurance. MatrixDirect.com may also be able to help you with that type insurance.


How are state insurance guaranty association funded?

State insurance guaranty associations are primarily funded through assessments levied on licensed insurance companies within the state. When an insurer becomes insolvent, these associations collect funds from member companies to cover the claims of policyholders. The amounts assessed are typically based on the insurer's market share, and the funds are used to ensure that policyholders receive compensation for their covered claims, up to specified limits. Additionally, some associations may hold reserves or invest funds to help manage their financial obligations.


Where can someone get very cheap house insurance policy?

The best way to find the cheapest home owners insurance policy is to compare rates given by different companies. Policies may have different coverage amounts.


Is using the cheapest travel insurance a good idea?

It really depends on what your insurance needs are. Different companies insure for different amounts. If you simply want your money to be insured, or your vehicle, you might not want to even consider expensive travel insurance. You should check several different companies and their tiers before making any concrete decisions.


If someone with insurance is found at fault when they hit an uninsured driver does the at fault drivers insurance still pay for damage to the uninsured car?

Yes, you are responsible regardless whether the other party has insurance or not.You should recover compensation, but in the UK driving without motor insurance is a criminal offence so you could be prosecuted by the authorities. Also - the mechanics of the collision are important. For example - drivers without insurance quite often have no driving licence: if the accident was contributed in part by inexperience of the person with no licence compensation could amounts could be reduced by a percentage. See the related link entitled "car driver injury claims" to see when car drivers can recover compensation.


What are some of the articles that one can find provided by Park Auto Insurance?

Park Auto Insurance is a small insurance company, and does not publish large amounts of articles in the way that larger companies do. While they do not have any articles available online, they may have publications available at their service location.


What are some insurance companies for vans?

Selecting automobile insurance for a van is just like getting insurance for a car. The best thing to do is to check quotes with various companies. Before you do that decide if you want full coverage or PLPD, what deductible amounts do you want, and what is the most you are willing to pay per month. If you currently have insurance for your home, life, or another auto - start there as most offer multiple product discounts which will lower your premium.


What is contributing to increasing rates in auto insurance?

They want more money :) The insurance rates are based off the number of claims. When natural disasters occur (like Katrina) insurance companies have to shell out large amounts of cash to cover claims. In order to recover their losses, they pass this cost onto their customers.


What is non indemnity insurance?

Non-indemnity insurance is a type of insurance policy that does not provide compensation for loss or damage in the traditional sense. Instead, it offers benefits that are predefined, such as life insurance payouts or fixed amounts for specific events, regardless of the actual loss incurred. This contrasts with indemnity insurance, which aims to restore the insured to their original financial position after a loss. Non-indemnity insurance often serves to provide certainty in financial planning, especially for events like death or critical illness.


What is remuneration package?

Compensation offer to settle damages, claims or other amounts in contract law.


Health Insurance Tip?

Health insurance companies are so complicated and expensive that many people avoid the issue all together. However, taking into account some tips, you should be able to tackle health insurance without a lot of effort. There is usually a state insurance website that lists plans in that state, low-cost options for people with certain income amounts, and comparisons of individual and family plans. Write out a list of priorities to help you determine what is important to you in an insurance company like visiting the same doctor you always have, customer service, or premiums that won't break the bank.