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D E O P R O P E R T Y
A R C H I V E S™ SERVING FLORIDA SINCE 1999 |
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| INSURANCE claim settlements · TRUSTS · estates · WILLS · BANKRUPTCY · DIVORCE · BUSINESS inventories | ||
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Beachfront property recorded by VPA
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ABOUT PROCESS & SERVICES FAQ TV MEDIA COVERAGE PRESS RELEASES YOUR INSURANCE DOLLARS TESTIMONIALS CONTACT NOAA MILITARY FUNERALS
Video Property Archives™ works with these leading insurance and brokerage companies...
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DON'T WAIT UNTIL YOU'VE SUFFERED A LOSS, CALL US TO SCHEDULE YOUR HOME OR BUSINESS
However, if disaster should strike and you are without a current comprehensive inventory of your possessions, your claim's adjuster; whose decisions are based on assumptions and industry standards, can take several months, even up to a year to piece together what is verifiable before the claims process can even begin. With the advantage of a professional video inventory, your claim can be submitted immediately. This is why Insurance commissioners and adjusters, risk advisors, attorneys, and wealth managers urge homeowners to maintain a current and comprehensive video inventory of your home and all of it's contents. A faster and accurate claim recovery also eliminates the need to pull money away from investments to replace lost or damaged possessions.
NATIONAL ASSOCIATION OF INSURANCE COMMISSIONERS (NAIC)
According to the National Association of Insurance Commissioners (NAIC), more than half of Americans don't have a home inventory of their possessions, creating the possibility that they have inadequate home insurance coverage in case of a property claim. The survey, conducted in February 2012, revealed 59 percent of consumers have not made a list or inventory of their possessions. Of those individuals with a home inventory, 48 percent do not have receipts; 27 percent do not have photos of their property; and 28 percent do not have a back-up copy of the inventory outside the home. Additionally, 59 percent of people with inventories have not updated their inventories in more than a year, meaning new purchases and gifts may not be covered.
NATIONAL ASSOCIATION OF PUBLIC INSURANCE ADJUSTERS (NAPIA)
Most policyholders don't realize that the burden of proof rests with them. In fact, you must provide documented proof of ownership to receive a settlement covering the full extent of the loss. DIVORCE, TRUSTS, WILLS, BANKRUPTCY AND ESTATE SETTLEMENTS The settlement of an estate, trust, will, bankruptcy or divorce is just part of the cycle of life. It is likely you will be faced with one or more of these legal issues. Acquiring a professional video inventory of your personal property now will assist you with the process of property distribution by establishing a time line and trail for asset ownership, possession, condition and value.
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OUR PROCESS...
OUR CLIENTS... Anyone who Insures their Real and Personal Property. Trust, Estate, Will, Divorce and Bankruptcy Claimants.
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| SURE, YOU'RE PROPERTY IS INSURED. . . IT GETS COSTLY IN A HURRY IF YOU CAN'T PROVE YOUR LOSSES. . . |
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You've spent a lifetime building your assets... |
You have insurance, but where do you begin when it's time to present the nature and extent of your loss? |
Haven't recorded yet? Don't wait until after a loss... |
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WHAT ADJUSTERS ARE TELLING US... Our adjusters tell us they might see one or two home inventories in a year," said Pete Moraga, a spokesperson for Allstate Insurance in Los Angeles. That's out of hundreds of claims. "I can't emphasize enough how important they are," Moraga said. "...it's incredibly difficult to remember everything you had." Nevertheless, home inventories are rarely done because they're so time consuming. They require recording each and every item of furniture, stick of clothing and family game owned, whether it's in the living room or the basement. Ideally, an inventory should also note the type of construction of the home and any features — like built-in cabinets or granite countertops — that would affect the cost of replacement. [ Los Angeles Times - Kathy M. Kristof, Journalist ]
YOU SHOULDN'T ACCEPT LESS THAN YOUR INSURANCE POLICY LIMITS...
You've made significant purchases during your lifetime...One thing for sure, you have a lot to lose! The aftermath of a powerful wind event, flood, fire or burglary is traumatic enough without the anxiety of uncertain recovery from your insurance carrier. In the event of a loss, tens of thousands, even hundreds of thousands of claim settlement dollars for lost or badly damaged possessions would be in jeopardy without clear evidence of ownership, possession, current condition and value. Property owners like yourself anticipate and expect a satisfactory recovery. Without proper video documentation, receipts, and personally scheduled item coverage for your costly possessions, your insurance carrier can deny or severely reduce your claim payments based on (ACV) actual cash value, depreciation schedules and their own appraisal process.
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| ARE YOU PREPARED TO FACE YOUR INSURANCE COMPANY SHOULD YOU SUFFER A CATASTROPHIC LOSS? |
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| CLAIM SETTLEMENTS ARE CLEANER, FASTER AND LESS SUBJECTIVE. . . |
