depends what it is and how much it is worth. Everyday items no probably not. High end or unusual items it is very helpful to have proof of ownership
If your policy indicates that there is no replacement coverage then that means you will be compensated (paid) based on the current depreciated value of your property in the event of a claim.
Replacement cost means that the policy will pay for the cost to replace your contents rather than pay what the items are worth now. This endorsement has some conditions on it as well. The policy will pay actual cash value first, then it will pay what it costs to replace the items if and when you actually replace them. You just send the receipt to the company as you replace the items and the company will send you the difference.
no animals are not covered property under HO policy
This would depend on Dealership's policy as they have the choices of coverage when they take out the policy. In any case, it will only cover property that belong to the dealership and will not cover your property unless they are proven legally liable due to some action by them. If you had property that was damaged in a loaner car, you can only file a claim on your homeowners policy.
Yes,, that can Happen but it depends on what kind of policy you bought. If you purchased a "RC" replacment coverage policy then it will pay to replace all the carpet that is damaged from a covered loss.If you bought the cheaper "ACV" actual cash valued policy then it will only pay the depreciated value of the damaged carpet. This may make it seem that they are only paying for part of it if the replacement cost is higher than the depreciated value.
The Tradehome show exchange policy allows returns and refunds with a receipt. If customers do not have their receipt the item cannot be returned.
you simply replace your replacement policy
not all caches need a replacement policy.
Homeowners Insurance Covers the property detailed under your policy. Trees are not an insured property. If a hurricane blows a tree into your house and damages your home then the damage to your home would be covered but if only the tree is damaged then the tree itself is not covered.
You Can't. When we buy home owners insurance we basically have two options for the coverage type.1. RCV, Replacement Value2. ACV, or depreciated ValueIf you purchased an RCV ( replacement ) policy then the company will pay the amount needed to either repair or replace the property within the policy limits you purchased..If you purchased an ACV (depreciated Value) policy then they will pay the amount needed to repair the property or they will pay you the depreciated cash value of the property if not repairable whichever is less and within policy limits.
No, If you have a replacement valuation Home Insurance Policy then the company will pay the "replacement cost" The cost of replacement may or may not reach your policy limits depending on the loss.
No one is responsible or liable for an act of nature. It's up to the owner of the property is he wants to replace a storm damaged tree. The tree is not a covered structure under a homeowner insurance policy.