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Insurance Information

Valuing Your Property

Adjusting the Loss

Replacement of Valuable Records and Documents

Money Replacement

 

 

 

AFTER THE FIRE INFORMATION

Recovering from a fire can take a long time, and the processes will be new to you. Titan Restoration can help you through the process of restoring your property back to pre-loss condition. The following information will be useful in this process.

Insurance Information

If you are Insured:
Your insurance is the single, most important component in recovering from a fire loss. After a fire loss, give immediate notice of the loss to the insurance company or your insurance agent.

Secure the propert from further damage. Board up holes in the walls or roofs, if not already done so by the emergency response team.

Do not throw anything away before documenting and making an inventory of damaged personal property. A certified, experienced restoration company can work with you on this.

Submit, within a stated time period (usually 30 - 60 days), a formal statement of loss. Such a statement should include:

  • The time and cause of loss
  • The names and addresses of those who have an interest in the property. These might include the mortgage holder, a separated or divorced spouse or a lien holder.
  • Building plans and specifications of the original home and a detailed estimate for repairs.
  • The damage inventory mentioned above.
  • Receipts for additional living expenses and loss of use claims.

If you are not Insured:
Recovery from a fire loss most likely will be dependent upon your own resources. A few private organizations that may be able to help can include: American Red Cross,  Salvation Army, local church or synagogue, etc.

Valuing Your Property

A pre-fire inventory could prove to be a valuable record when making your claim. Make a list, with as much information as possible for case of replacement (reciepts, photos, description, date of purchase), and store in a fire proof safe, off-site or secure internet documents.

Adjusting the Loss

A process of establishing the value of the damaged property. A joint effort amoung a number of parties, including the owner / occupant, the insurance company and it's representatives (the adjuster), and could include a restoration company / general contractor when completing repairs.

Titan Restoration can provide a range of services that include all of the following:

  • Securing the site against further damage
  • Estimating structural damage
  • Repairing structural damage
  • Packing, transportation, and storage of household items
  • Securing appropriate cleaning or repair subcontractors
  • Storing repaired items until needed

Replacement of Valuable Records and Documents

Item to be replaced Who to Contact
Insurance Policies (with limit explination) Your Insurance Agent
Driver's License / ID Card Local Department of Motor Vehicles (MVD)
Bank Books Your bank, as soon as possible
Birth, Death, Marriage Certificates State Bureau of Records (where the event occured)
Passports Local Passport Office
Divorce documents Circuit Court where decree was issued
Social Security of Medicare Cards Local Social Security Office
Military discharge papers Local Veterans Administration
Title to deeds Records department of city or county
Credit Cards The issuing party, as soon as possible
Stocks and bonds Issuing company or your broker
Wills Your lawyer
Medical Records Your doctor
Warranties Issuing Company
Income Tax Records IRS Center where you filed, or your accountant
Auto Registration Title Local Department of Motor Vehicles (MVD)
Citizenship Papers

U.S. Immigration and Naturalization Service

Animal Registration Papers Society of Registry
Prepaird Burial Contracts Issuing Company

As shown above, many items are rarely thought about on a daily bases. Therefore, keeping a good record in a safe place will be vital in emergency circumstances.

Money Replacement

Handle burned money as little as possible. Try to protect each bill or portion of a bill in plastic wrap for preservation. If money is only half-burned or less (if half or more of the bill is intact), you can take the remainder to your local Federal Reserve Bank for replacement (which your personal bank can direct you to). Or you can mail the burned or torn money via FIRST CLASS REGISTERED MAIL to:

U.S. Treasury Department
Main Treasury Building, Room 1123
Washington, D.C. 20220

Mutilated or melted coins can be taken to the Federal Reserve Bank, or mailed via FIRST CLASS REGISTERED MAIL to:
Superintendent, U.S. Assay Office
32 Old Slip
New York, NY 10005

If your U.S. Savings Bonds have been mutilated or destroyed, write to:
U.S. Treasury Department
Bureau of Public Debt
Division of Loans and Currency
537 South Clark St.
Chicago, IL 60605
Attn: Bond Consultant

Include name(s) on bonds, approximate date or time period when purchased, denominations and approximate number of each.

 

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