Do you have Proof of Ownership?
If you need to make a claim for lost personal items (Home Contents) or for Tools and Equipment (General Property) most insurers will require that you provide Proof of Ownership for the items that you are claiming for.
This can be done several ways, as follows:
Purchase receipts
This is the easiest way to prove you owned the items. Simply produce the purchase receipts for the items you have lost, and this will satisfy the insurance company.
If you can’t find your receipt, consider contacting the store you bought the item from. They may be able to send you a duplicate receipt.
Photos and other evidence
Photos can be helpful in proving you own an item. A close-up is best, but we may even be able to use photos of your home where the item is clearly in the background. If you have a large number of tools used for a business lay them out and take photos which show each tool clearly.
Bank statement
A bank statement may show the transaction in which you bought the item if you used a debit or credit card to purchase it.
Other supporting materials could include:
- instruction manuals
- accessories for an electronic item
- a valuation from a qualified professional valuer
- manufacturer’s box
- certificate of authenticity, or
- proof of inheritance and a full description, including things like brand and model
- some items such as jewellery, watches, paintings, pictures, works of art and sculptures do require a minimum of proof for assessment.
Providing Proof of Ownership certainly speeds up the claim and helps the insurer settle the claim for the full amount. To discuss your insurance needs, contact the team at Provide Insurance today.