Sometimes in the course of a fire, flood, or theft, a home, warehouse, or business can be damaged in such a way that the person’s inventory or possessions may be destroyed or lost. Insurance companies love to take the opportunity to pay pennies on the dollar for the total loss of the itemized pages of property or inventory that was stolen or damaged. They will use terms such as “actual cash value,” “fair market value,” or “replacement value.” They will oftentimes retain appraisers to estimate the value of the damaged goods or vehicle and use numerous techniques and tricks to decrease the bottom line that the insurance company is willing to pay. When that happens, you are oftentimes much better off retaining an experienced professional to handle the claim for you.
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