What do I do if my insurance company is requiring me to provide receipts for items stolen from a my business policy but I don’t have receipts, only photos?
Get Legal Help Today
Compare Quotes From Top Companies and Save
Secured with SHA-256 Encryption
What do I do if my insurance company is requiring me to provide receipts for items stolen from a my business policy but I don’t have receipts, only photos?
Property owned by my business was stolen from a staged house. Furniture, decor, etc.
Asked on August 29, 2012 under Insurance Law, California
Answers:
M.T.G., Member, New York Bar / FreeAdvice Contributing Attorney
Answered 12 years ago | Contributor
Are they questioning ownerchip or value becuase they are two very different things. If they are questioning ownership then you are going to have to figure out a way to establish same. The facts of your particular case matter here. If you are trying to establish value then you will need to obtain a current value for the item (that should be easily done) and then it must be discounted for use and depreciation. Speak with an insurance adjuster as to how this is done. Good luck.
IMPORTANT NOTICE: The Answer(s) provided above are for general information only. The attorney providing the answer was not serving as the attorney for the person submitting the question or in any attorney-client relationship with such person. Laws may vary from state to state, and sometimes change. Tiny variations in the facts, or a fact not set forth in a question, often can change a legal outcome or an attorney's conclusion. Although AttorneyPages.com has verified the attorney was admitted to practice law in at least one jurisdiction, he or she may not be authorized to practice law in the jurisdiction referred to in the question, nor is he or she necessarily experienced in the area of the law involved. Unlike the information in the Answer(s) above, upon which you should NOT rely, for personal advice you can rely upon we suggest you retain an attorney to represent you.