If you are insured, your insurance will be the most important
single component in recovering from a fire loss. A number of
coverages are available such as - homeowner's, tenant's or
condominium owner's insurance policies.
Your insurance policy is a contract between you and the insurer.
The insurer promises to do certain things for you. In turn, you have
certain obligations. Among your duties after a fire loss would be to
give immediate notice of the loss to the insurance company or the
insurer's agent.
Protect the property from further damage by making sensible or
necessary repairs such as covering holes in the roof or walls. Take
reasonable precautions against loss, such as draining water lines in
winter if the house will be unheated for some time. The insurance
company may refuse to pay losses that occur from not taking such
reasonable care.
Make an inventory of damaged personal property showing in detail
the quantity, description, original purchase price, purchase date,
damage estimate and replacement cost.
Cooperate with the insurer or his/her adjuster by exhibiting the
damaged property.
Submit, within a stated time period (usually 30 - 60 days), a
formal statement of loss. Such a statement should include:
- The time and cause of loss
- The names and addresses of those who have an interest in the
property. These might include the mortgage holder, a separated
or divorced spouse or a lien holder.
- Building plans and specifications of the original home and a
detailed estimate for repairs.
- The damage inventory mentioned above.
- Receipts for additional living expenses and loss of use
claims.
