Insurance Theft Claims Los Angeles Public Adjuster

Experiencing theft is the worst nightmare for every homeowner and commercial property owner. It almost always is a surprise and leaves victims feeling overwhelmed and in a state of panic. The result often leads to victims filing theft claims in a hurry, skipping important steps in the process, and forgetting to collect crucial evidence.

At Excel Adjusters we help guide you through the entire claims process and do our best to maximize your payouts. Our goal is to help get you the reimbursement you deserve.

What Qualifies As Theft For Homeowners Insurance and Commercial Property Coverage?

Theft is defined as knowingly and intentionally taking another person’s property. This can include:

  • Stealing items from outside of your property, regardless of whether or not they were locked
  • Removing an item that was located inside your property
  • Looting someone else’s property

When you have home insurance cover theft, your dwelling coverage might help you recover losses for stolen items, and you can file a home insurance claim for reimbursement. If you have commercial property insurance that covers theft, you are also entitled to recover losses for stolen items.

Theft For Homeowners Insurance

Are Theft Claims Covered Under Your Insurance Policy?

Make sure your insurance policy covers theft. You can find out specifically what is covered by contacting your insurance provider. You will also want to find out if your policy has specific coverage limits. For example, your policy might only cover up to $500 in replacement costs, regardless of whether or not the value of the items vandalized or stolen is significantly higher.

You should also ask your insurance provider if your policy is written for current market value replacement or replacement cost. Current market value replacement assumes that the value of each stolen item is depreciated over time. This means the reimbursement amount of your property items is based on the difference between the depreciation amount and cost to replace each item. Replacement cost means your stolen property is valued based on current retail prices.

Tips For Preventing Theft

Here are a few things you can do to potentially reduce your chances of being a victim to theft:

Tips For Preventing Theft
  • Keep the property surrounding your commercial building or home maintained. This might include regularly mowing the grass and trimming the bushes.
  • Avoid hiding a spare key to the building on your property.
  • Call a board-up company to install deadbolts on all entry doorways.
  • Lock all windows and doors (including sliding glass doors).
  • Use exterior lighting outside your property and make sure it cannot be deactivated by intruders.
  • Notify the police if you notice any suspicious activity surrounding your property.
  • Consider installing a security alarm system.

Be Prepared: Document Your Valuables

If you experience theft, make sure you:

  • Take images of the property, including all possessions, interior, and exterior areas to show proof of damage if damage does occur.
  • Save all your receipts from any business purchases.
  • Write a list of belongings within the building.
  • Keep important documents in a fire-proof box or a safe.
Be Prepared: Document Your Valuables

What To Do If You Are a Victim Of Theft

If you experience theft, you should immediately take the below actions. These actions can make all the difference between receiving the maximum reimbursement amount for your commercial theft claim or receiving nothing.

  • Make Sure Your Building Is Safe Before Entering

    Call 911 if you believe someone might still be inside your property.

  • File A Police Report

    Call the police to file an official police report. This provides proof of the incident and an official record to your insurance company that theft occurred.

  • Take Photos

    Take photos of any and all damage caused by the theft. This is a crucial step for documenting the damage and will be helpful when filing your theft claim.

  • Prepare A List Of Stolen And Damaged Items

    After you have contacted the police and Excel Adjusters, it is important to prepare a list documenting the stolen and damaged items. Your list should include:

    • When and where each stolen item was purchased
    • Include the cost of each stolen item
    • If available, include a copy of the purchase receipt
    • Collect photos and videos of each stolen item
  • Contact A Licensed Public Adjuster

    Dealing with an insurance company in Los Angeles can be a challenging task, especially when it comes to theft claims. Understanding these claims can be complex, making it difficult for building owners to receive the maximum payout they deserve.

    Adding to the complexity, some insurance companies might attempt to limit the coverage they provide for these types of incidents. These limitations and exclusions often result in policyholders receiving only partial coverage for their theft claims. The sooner you reach out to a licensed and independent public adjuster during this process, the more assistance we can provide.

    After filing your theft claim in Los Angeles, your insurance provider will dispatch representatives to inspect your property. The goal is to determine the cause, details, and necessary repairs or replacements for the theft, a process known as "field scoping." This information is used to estimate the cost of repairs for your insurance company. It's important to note that field scoping contacts are hired by your insurance company and are looking for every reason not to reimburse you for the theft.

    At Excel Adjusters, our mission is to ensure you receive a fair payout for the theft that has affected your home or building. We are here to represent your interests and advocate on your behalf.

Contact A Licensed Public Adjuster

How Excel Adjusters Can Help with Your Claim

At Excel Adjusters, we will help you negotiate a fair payout for your theft claim. We are fully independent and able to prioritize your needs – We are not provided by the insurance company. Our goal is to make sure your rights are upheld during the theft claim process and maximize your payout.

We’ll help to:

Notify Your Insurance Provider

Notify Your Insurance Provider

Whichever step of the claims process you are at, it helps tremendously to have a public adjuster speak with your insurance provider on your behalf. While it’s true that you can go through the claims process alone, dealing with theft claims requires in-depth knowledge of complex insurance policies and property repairs.

Speaking with an insurance company regarding policy coverage is similar to speaking a different language. Most property owners and building owners have never filed a theft claim before or spent any time understanding the intricacies of such claims. It’s also easy to become emotionally involved since your valuables and livelihood are at stake, which can add to the difficulty of filing a claim.

Maximize Your Payouts

As your public adjuster, we are dedicated to maximizing insurance payouts for theft claims. We are skilled at communicating with insurance providers and have Power of Attorney, which means we can handle all communication with the insurance provider throughout the entire claims process.

Maximize Your Payouts
Guide You Through The Theft Claims Process

Guide You Through The Theft Claims Process

As your independent public adjuster, we will be there during the entire claims process to guide and advise you and negotiate payouts with your insurance company. We’ll also manage and submit any necessary paperwork. When the field scoping agent inspects the damage done to your property, we will be on-site with them.

Assist with Every Stage of the Claims Process

Whether you're at the start of your theft claim in Los Angeles or in the midst of the process, we're here to assist you.

If your insurance company refuses to cover Additional Living Expenses (ALE) or Loss of Use costs, we can work on your behalf to seek reimbursement for the living expenses you incurred in your temporary residence.

Insurance companies might sometimes cut corners in repair work to reduce costs, potentially resulting in subpar repairs and unprofessional rebuilding. If you're unsatisfied with the repairs, we can negotiate with your insurance company to ensure they adhere to the "like-for-like" standard outlined in your policy. If your policy includes these terms, you're entitled to a payout covering the full cost of replacing items with ones of the same quality as your previous belongings. Each case is unique and specific to your insurance policy.

If your insurance claim has been denied, we can communicate with your insurance company, providing evidence and reasoning to support the coverage of your theft claim under your policy.

Assist with Every Stage of the Claims Process

Excel Adjusters Will:

  • Assess Building Damage for Theft and Vandalism (including Fire)
  • Provide Damage Rebuild Services
  • Review Insurance Policy Coverage
  • Evaluate Clients Compliance Responsibilities
  • Investigate and Measure the Extent of the Loss
  • Evaluate Replacement Cost and/or Depreciation
  • Assemble Business Equipment Claim
  • Assemble Support Data for Loss of Income Claim
  • Prepare Documentation for Advance Payment Request
  • Evaluate Microbial Contamination (mold/fungus)
  • Assess Total Loss Claims and Review Insurance Estimates
  • Expedite the Claim Process
  • Negotiate Final Recovery to the Insured’s Satisfaction

What We Charge

At Excel Adjusters we charge a small percentage based on what we settled for our policyholders. If there is no recovery amount on your theft claim, we do not charge any expenses or fees. We also offer free consultations and guidance on your claim.

Your Rights

If your property has been targeted by theft and you need to file a claim in Los Angeles, we're here to assist you. Under the State Department of Insurance regulations, you have the right to a fair claim adjustment, and the insurance company is obligated to compensate you for your losses. You don't have to accept inadequate offers or unnecessary delays in processing your claim, whether it's related to theft, vandalism, or fire. Excel Adjusters is here to protect policyholders and ensure that insurance companies fulfill their payment obligations when liability is clear.

For the attention and dedicated support your case deserves, contact us for a free consultation to discuss your specific circumstances regarding your theft claim in Los Angeles.

Call:(213) 800-3333
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