Theft Insurance Claims

Michael S. Callahan | | Insurance Claim Disputes
Theft Insurance Claims

The frequency of theft incidents has become a growing concern in recent years, emphasizing the importance of being prepared with theft insurance coverage. According to recent statistics, break-ins and theft continue to pose a significant threat to individuals and their properties. A home is burglarized every 23 seconds in the United States, with an average loss of $2,799 per break-in. These statistics highlight the alarming frequency and cost of theft incidents.

Texas Insurance Claim Lawyer Representing Policyholders

If you’ve been prey to a home burglary or high-value theft from your business, your first thought may have been, “Thankfully, we have insurance.” Unfortunately, it is relatively common for insurance companies to deny theft claims for a variety of reasons – and they will almost always attempt to low-ball the settlement offer or subject you to lengthy delays before writing any check at all.

We aggressively represent victims of theft who have their valid insurance claims wrongfully denied, delayed or minimized – and we want to help you collect on the coverage you have paid for and are rightfully due.

Aggressively Protecting the Rights of Homeowners and Business Owners

We concentrate our efforts on handling high-value, serious claims we believe in. Our skills and reputation can be a critical asset for your recovery from:

  • A home burglary or act of theft you believe should be covered by your homeowner’s insurance.
  • A theft from your business that should be covered under one or more policies you purchased to protect against such unavoidable events.

Does Home Insurance Cover Theft and Break-Ins?

Home insurance includes protection for stolen personal property and can help with the costs of repairing or replacing items damaged during a break-in. For instance, if forced entry damages your door and jamb, your homeowners’ insurance can assist in covering repair expenses and installing new locks.

Here are some types of home insurance coverage that may be relevant if you experience a break-in and theft:

  • Dwelling coverage
    This aspect covers repairs to your home in the event of damage during a break-in, such as broken windows or damaged doors.
  • Personal property coverage
    This coverage helps with repairs or replacements of your personal belongings if they are stolen or damaged. For example, it can assist if an expensive lamp is knocked over or if your laptop is stolen.
  • Other structures coverage
    This part of the insurance pays for repairs to detached structures on your property, such as damage to a shed door during a break-in.

Understanding your insurance coverage can provide a sense of security and help you confidently navigate the aftermath of a theft incident in challenging times like these.

Preparing For a Theft Incident

In the face of uncertainty, preparation can serve as a shield against the unexpected. As you safeguard your home and belongings, it’s crucial to lay a strong foundation for potential theft incidents.

Save Receipts and Document Purchases

Saving receipts and documenting purchases may seem like a mundane task, but in the event of a theft, these records can be your lifeline. They not only establish ownership but also help estimate the value of stolen items to facilitate smoother insurance claims.

Create an Inventory Checklist

Crafting an inventory checklist of your personal property is a tangible way to fortify your defenses. Include high-value items like jewelry, electronics, and appliances. By maintaining a detailed list, you empower yourself with comprehensive documentation crucial for insurance purposes in the aftermath of a theft.

Capture Visual Evidence Securely

Visual evidence can be a powerful ally in navigating a theft incident. Take photographs or videos of your possessions, emphasizing details and uniqueness. Ensure that you store these records securely, either in a physical or digital format. These visual aids not only enhance your insurance claims but also provide clarity during the recovery process.

Adhering to these preparatory measures will strengthen your resilience and prepare you for a more structured response to adversity. Preparation today can offer reassurance tomorrow.

Actions to Take After a Theft

Experiencing a theft can be an overwhelming and emotionally taxing experience. While it’s natural to feel disoriented, it’s crucial to take organized steps to mitigate the damage. Here are some actions to consider:

1. Inventory Property Damage or Loss and Contact the Police

Taking inventory of property damage or loss is a critical first step in processing a theft claim. Contacting the police to file a report is necessary to establish a legal record of the incident. If applicable, the authorities may also investigate the crime scene and gather evidence to aid in the recovery process.

2. Promptly Report Theft Claim to the Insurance Company and Document Damages

Reporting the theft claim to the insurance company as soon as possible is crucial to expedite the claims process. Document any structural or personal content damages and provide this information to the insurance company. Staying organized and thorough will ensure that all necessary steps are taken to maximize your compensation.

3. Collaborate with Your Insurance Adjuster

Collaborating with your insurance adjuster is essential and can be a source of comfort during this trying time. The adjuster will review your insurance policy and the police report, ensuring that all damages are accounted for. Align with the adjuster’s suggestions to streamline the claims process and ensure that all aspects of your claim are understood.

At The Callahan Law Firm, we understand that theft can be a traumatic experience. We offer legal expertise and emotional support to guide you through the claims process. We’re committed to fighting for your rights and ensuring that you receive the maximum compensation available. Remember that you’re never alone—we’re here to stand with you.

Filing a Theft Insurance Claim

Facing the aftermath of a break-in and theft is a distressing experience. Here are essential steps to navigate this challenging situation effectively:

  • Report the break-in to the police and keep the report for the claim.
  • Arrange emergency repairs if necessary and retain the receipts.
  • Photograph or video the damaged areas or missing items.
  • File a claim with your insurance company.

When engaging with the insurance adjuster, remember to:

  • Retain damaged items for the adjuster’s inspection.
  • Have a copy of your insurance policy ready.
  • Expect the adjuster to reach out soon after submitting the claim.

Your insurance policy acts as a roadmap to expedite the claims process. It outlines your coverage details that will enable the adjuster to determine the extent of compensation you’re entitled to.

Investigation and Inspection Process

Insurance companies do not always conduct an investigation or send someone to inspect your property however, this does occur in certain theft cases. Depending on your circumstances, your claim may be handled through discussions over the phone, or an in-home assessment of your damages may be conducted, always aiming to make the process as seamless as possible for you.

You may be asked to provide the following information:

  • Personal contact information, including your name, phone number, and address.
  • Details regarding the date and circumstances of the theft.
  • An itemized list of stolen or damaged items.
  • The police report number for validation.

Keeping an inventory list of the stolen items and other crucial information may expedite the claims process, this can include:

  • The purchase location and date of the item.
  • The item’s cost, brand, and model.
  • If available, a copy of the original purchase receipt.
  • If feasible, photos or videos of the stolen or damaged items to supplement your claim.

Providing information like this can significantly improve the theft claim process and ensure that you gain the best recovery from this harrowing experience.

Claim Settlement

At The Callahan Law Firm, we recognize how vital it is to resolve your theft claim with care and efficiency. That’s why we prioritize meticulous attention to detail as we approach the final steps of the claims process.

After an investigation of your claim, a payment for lost or damaged property will be made in accordance with the terms of your insurance policy. Deductible considerations, which vary based on your policy, may apply and will be discussed with you. Depreciation may also be factored in when processing your claim.

Retaining documentation provided by the insurance company for record-keeping purposes is significant. Understanding the intricacies of your claim and the full scope of your financial losses is crucial. Having these documents in place is helpful in case of a future audit, review, or any related legal action.

Taking these suggested actions during the theft insurance claim process can protect your rights and help ensure the best possible outcome for your case:

  • Provide accurate documentation of the theft and any physical damages incurred.
  • Respond promptly to any requests for information during the investigation process.
  • Cooperate fully with the insurance company as it ensures a speedy resolution of your claim.
  • Be diligent in retaining documentation provided by the insurance company.
  • Seek legal representation for a thorough and just resolution of your claim.

Holding Insurers Accountable for Theft Coverage They Sell and Advertise

Our attorneys have handled numerous insurance bad faith actions and lawsuits for people in the Houston metro and elsewhere in Texas, including Harris, Montgomery, Liberty, Matagorda, Brazoria and Galveston counties.

If you believe your theft claim is being wrongfully denied or delayed by your insurance company – or if you have been offered a settlement you find unacceptable – please contact our Houston, TX, lawyers now. We offer a no-cost case evaluation and the ability to take insurance dispute cases on a “no fee if no recovery” contingency basis.