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 Property Loss Preparation 

Be Prepared for a Property Loss

With the West Coast at risk for earthquakes, the East prone to snowstorms and hurricanes, and tornadoes threatening much of the Midwest, few places are immune to the fury of Mother Nature. In fact, every year, millions of people face property damage from unexpected events. Natural catastrophes can strike quickly and without warning. In the worst cases - such as Hurricane Andrew, the Oakland Firestorm, Hurricane Ivan, the Northridge Earthquake, and most recently Hurricane Katrina - many people learned the hard way how well their homes and property resisted disaster.

If someone has become injured on your property or if a violent storm destroys your home, you will need to file a claim with your insurance company. Remember, a homeowners policy is a contract between you and your insurance company. And there are rules and procedures that you and your insurer must follow. Read your insurance policy to see what your responsibilities are.

Start Preparation Today

Download Forms
Home Inventory Form
Home Inventory Form
Memory Jogger
(for use with home inventory worksheet)

Photographs/Videotape Documentation

If possible, photograph or videotape household possessions. Pictures are helpful when an item is hard to describe on paper or if a purchase receipt cannot be obtained. Labeling each photograph with information about the item - and if a camcorder is used, providing a commentary of each item and date-stamp on the video - will be highly useful. Remember to go slowly so that each room is thoroughly covered.

Protect and Update the Inventory

Store a copy of the inventory in a safe-deposit box, work office or relative's house, and include copies of any important documentation or receipts. The list should be updated semi-annually to ensure an accurate recording of the home's contents.


HELP! I HAVE TO FILE A CLAIM

How do I file a homeowners claim?

Report any crime to the police
If you are the victim of a theft or your home has been vandalized or burglarized, report it to the

police. Get a police report and the names of all law enforcement officers that you speak with.

Phone your agent or company immediately
Insurance policies place a time limit on filing claims. Find out what the time limit is. Ask questions: Am I covered? Does my claim exceed my deductible? (Your deductible is the amount of loss you agree to pay yourself when you buy a policy.) How long will it take to process my claim? Will I need to obtain estimates for repairs to structural damage?

Make temporary repairs
Take reasonable steps to protect your property from further damage. Save receipts for what you spend and submit them to your insurance company for reimbursement.

Prepare a list of lost or damaged articles
You are going to need to substantiate your loss. Avoid throwing out damaged items until the adjuster has visited your home. You should also consider photographing or videotaping the damage. Prepare a home inventory, make a copy for your adjuster and supply him or her with copies of receipts from damaged items.

If you need to relocate, keep your receipts
If your home is severely damaged and you need to find other accommodations while repairs are being made, keep records of all additional expenses incurred. Most homeowners insurance policies provide coverage for the "loss of use" of your home.

Get claim forms
Once your insurance company has been notified of your claim, the company is required to send you the necessary claim forms to you by the end of a specified time period. (The time period varies from state to state.) Return the properly filled out forms as soon as possible in order to avoid delays.

Have an adjuster inspect the damage to your home
Your insurance company will probably arrange for an adjuster to come and inspect your home.

Once you and your insurance company agree on the terms of your settlement, state laws require that you be sent payment promptly. In most cases, your claim will be processed quickly.

Client Testimonials 

“Dan Lorimer and the JKM team have been tremendous to work with over the past 16 years. Not only did Dan help to identify the best mortgage rates available over time, but he and his team were also diligent in providing thorough information for our auto and home insurance options. “
- Alice J., Des Plaines, IL

“JKM's hands-on approach, knowledge, and attention to their customers' needs is truly best in the industry. We have been extremely happy with the services provided by JKM and know that Dan always has our best interests in mind regarding good, quality insurance coverage and home mortgage expertise.”
- Sheila C., Des Plaines, IL

"Dan at JKM services makes selecting insurance coverage simple. We use JKM at the start up non-profit my wife works for, as well as at the small business I help run. I was so satisfied with the services and care that was received, that I also changed over all personal coverages to JKM! Unlike other companies, with Dan and JKM, I never feel like I am being "sold" something, and I know my best interest is always in mind."
-Jordan B., Oak Park, IL

"Dan at JKM Services is of great value to me and to anybody I have referred to him.  Since about 1995, Dan has assisted me [with minimum hassle] with a few refinances, my will/trust, I insure my home and auto through him, as does my daughter.  And for my business, he has arranged our health insurance for us. He has also referred me to an accountant which I count on heavily during tax season.”
-Hope D., Morris, IL

“I have recently refinanced my home using JKM services. I am very pleased I had Daniel J Lorimer to get the job done. My brother had recommended Dan. Both my brother and I were very satisfied. If needed I would use their services again.”
- John R., Bridgeview, IL

“I highly recommend JKM Services, Dan has help us with Home, Auto, and now Health Insurance needs. Dan goes that extra mile to make sure he can provide you with all the information you need to know in order to make important decisions with your insurance needs.”
- Larry F., Lombard, IL

“My family has been a client of Dan Lorimer and JKM Services for over 20‐years. Dan always has our best interest first and is always extremely prompt for any wishes we may have with our insurance needs. We have all our autos, homes and umbrella insured with Dan and wouldn’t have it any other way.”
- Len T., Carol Stream, IL

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