Home Insurance Recorded Statement
Recorded Statements - Is going on record just a casual conversation? In our recent blog posting we addressed the topic of recorded statements. This is typically when the insurance company's adjuster is requesting to record a conversation in effort to catch the insured in a statement that might be helpful to the insurance company.
Most insurance companies have a template of questions (recorded statement guide) for taking recorded statements, which is very useful. Even the most experienced statement takers can forget important questions in the heat of the moment. Moreover, having a template helps you learn from experience.
Many claims adjusters use recorded statements to try and trip-up claimants, getting them to say things that will hurt their claim. Never give a recorded statement or answer any questions from the insurance company if you are upset, confused, taking medication, lacking sleep, or in severe pain. If you choose to give a statement, be careful.
The Recorded Statement: A Trap for the Unwary. An insurance company is in business to make money for its shareholders. Every dollar it pays out in claims to people like you is a dollar lost to the insurance company's bottom line. Therefore, job #1 for every insurance company employee is to reduce the amount paid out in claims, and that includes your claim.
Most insurance companies require a recorded statement (examination under oath) and that you sign a sworn statement of proof of loss. Once those are completed, your responsibilities are typically over and it is then up to the insurer to decide if it is covering the loss or not. If you refuse to give the statement you may be in breach of your contract.
What to expect from your insurance company after a burglary Andrea Siedsma - Last updated: Jul. 15, 2016 No one wants to experience a home burglary, but you can minimize the inconvenience if you understand the terms of your home insurance policy and you're prepared to provide your insurer with descriptions of all missing items.