California Consumers Trying To Understand Fire Insurance
Homeowners who have fire insurance are pulling out their policies to make sure theyre covered. However, while homeowners may know that they have fire insurance, many dont really understand much about the process. We asked Bob Scott, a partner with the Advocate Law Group in California to provide some insight. According to Scott, taking an inventory of what you have is crucial. Homeowners should take a moment with their video camera and just stand outside the house and shoot the whole outside and then walk through the house and identify all of their personal property.
Open the closets. Just look inside. Just make, if you would, a very simple 10 to 15 minute video of their house, their property and their other structures. In other words, videotape the home, the other structures and their personal property by just showing the camera around, not too fast, using slow pans and give that to a family member to put someplace else in case your house burns down. Thats probably the best thing one could do to prepare for this other than to learn more about their coverages.
Fire insurance terms that every consumer should know
There are certain fire insurance terms that every consumer should know, such as loss of use and additional living expense. According to Scott, The terms mean that the insurance company is going to pay for you to live in a like quality residence while theyre redoing your house and that you dont have to go to a thrift or second hand store to buy new clothes. You can go to any store you want. You shouldnt go to the downtown Rodeo Drive in Beverly Hills, but you should go to a Nordstroms or somewhere else that you would shop and buy clothes that you need and the insurance company will pay you back. These are very important things that many insurers never thoroughly explain and we see it all the time in the cases we get.