Whether or not it's covered depends on the terms, conditions, inclusions and exclusions along with the deductible. You need to read over your policy and be familiar with it thoroughly before you even file a claim. You want to be as up to snuff as is possible when your adjuster pays you a visit. KNOW YOUR POLICY!
Dealing with your insurance agent is one thing. They only sell you the policy and collect a commission and that's technically where their responsibility ends. But having said that most agents will provide excellent ongoing service because renewels is what drives their residual commissions.
But the real truth with the policy is when you file a claim. Then you are no longer dealing with your agent/salesman. You're dealing with the insurance company's adjuster. Their sole purpose aside from assessing a value of your loss is to try to figure out how not to have to pay you. Or pay you as little as they can get away with. That's why you need to STUDY YOUR POLICY.
Insurance adjusters work for the insurance company. In fact some adjusters actually get paid a bonus for figuring out how they can keep from having to pay you anything or as little as they can get away with. Their job is to save the insurance company money. That's why you need to bone up on exactly what your insurance company covers.
If you are covered then you need to be aware that not only will you have to eat the deductible they will also try to hit you up for what they call DEPRECIATION. If you take a cash settlement they will hit you hard with depreciation.
If you replace the AC which I'm sure you fully intend to do then depending on whether or not you have what they call "TOTAL REPLACEMTNE", they have to cover the full value of the replacement less the deductible. If you don't have a "TOTAL REPLACEMENT" policy then get prepared to take a pretty big hit on your final settlement.
You might also let your assemblyman and state senator know that you would like to see the criminals who commit these types of crimes caught and given stiff sentences.
I guess this is the sign of the times huh...
You should have some coverage... there will be deductions of course and as Miss Elizabeth said, they do have some weasel words in their policies regarding this issue if the house was vacant...
Pull your policy out and read it over or call your agent...
Let us know what happens ok...? This would be some good information to pass on...
I hope this helps...
Make it a great day...
Every insurance policy is different, so all anyone here could do is guess. If I were in your shoes, I'd call my agent and ask what they suggest. My agent has been very helpful and frank. Sometimes, the deductable makes it not worth the effort, other times it's clearly the way to go. A discussion with your insurance agent is not filing a claim, unless you decide to make the formal claim.
Just for future reference:
-â€œmaintenance equipment stored on the propertyâ€ is covered under your coverage A (or dwelling coverage).
-Always review your policy with your agent to know exactly what you are covered for, before you sign on the dotted line!
-Sometimes your policy can seem like a foreign language. If you're confused, the best way to understand is call and ask.
-Be sure to file a police report with any stolen property :)
Again, I hope everything worked out well!
So sorry to hear that. Insurance is really not in our realm as Realtors other than advising you to get it. Best to call your insurance agent. What makes the good insurance agents stand out are ones you can talk to about any situation and you know they are giving you great advise; not just telling you things that will make them money. I guess that goes for most professionals you hire from your attorney to your hair stylist!
I would definitely file a report with the police though!
Best of luck,
Absolutely call your insurance company and there should be some coverage, if not all--depends on your policy of course.
File a report with Sac Pd, or Sheriff's Dept., depending on what jurisdiction you are in.
AC units are expensive and most insurance policies cover this. You might have an exclusion for vacancy, so be sure to ask your insurance agent about that.
Lyon Real Estate