Everyone thinks they'll never have a fire - UNTIL THEY DO.
Everyone thinks they'll never have a robbery - UNTIL THEY DO.
Everyone thinks their insurance will automatically fully reimburse them - UNTIL THEY DON'T.
According to statistics from the Federal Emergency Management Agency (FEMA), a staggering 40% of small businesses fail to reopen at all after having a disaster, with another 25% failing within one year after the disaster if they were able to reopen.
65% of businesses that experience a serious incident like this ultimately fail and close within one year of the incident. 65% !
The reason? The financial impact of the disaster.
YOU HAVE INSURANCE - BUT THAT IS ONLY THE BEGINNING.
Insurance does nothing to prove what was destroyed or lost. Financial recovery requires specific proof of ownership of what was destroyed or lost.
BOTTOM LINE - IF YOU CAN'T PROVE YOU OWNED IT, YOU CAN'T BE REIMBURSED FOR IT !
Think of it this way . . .
HAVING INSURANCE BUT NOT DOCUMENTING YOUR PROPERTY IS LIKE HAVING AN ALARM SYSTEM BUT NEVER TURNING IT ON . . .
THE FIRST STEP IS USELESS IF YOU DON'T TAKE THE SECOND STEP.
"Your insurance company will automatically fully compensate you when you experience a devastating fire, robbery, accident or natural disaster."
"Law Enforcement will automatically return your stolen items to you if/when they are recovered."
Insurance companies must protect themselves against fraud. This is why they will either deny your claim or offer pennies on the dollar if you can't provide proof of ownership.
The Insurance Adjuster has a tough job - he/she needs to balance your objectives with his/her employer's objectives.
YOU CAN HELP THE ADJUSTER HELP YOU BY PROVIDING EVIDENTIARY PROOF OF OWNERSHIP!
Law Enforcement can't and won't return your stolen items to you if you can't provide proof of ownership. This is not an unreasonable position for Law Enforcement to take - they, too, must guard against fraud.
THIS IS WHERE THE MERCHANDISE IN POLICE AUCTIONS COMES FROM!
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