First-loss policies are most commonly used as theft or burglary insurance to insure against events where a total loss is extremely rare (i. E. , the burglary of all goods contained in a large store). In a first-loss policy claim event, the policyholder does not seek compensation for losses below the first-loss level. Premiums are calculated proportionately, meaning they are not based on the full value of total goods or property. First-loss insurance is also considered first when filing any claims if someone carries more than one policy for a given threat to their property. The coverage provided can actually be more comprehensive, which can be important for costly assets that might otherwise be difficult or impossible to insure. http://3b8.s3-website.ap-east-1.amazonaws.com/damage-loss-claim/subsidence-damage-loss-claim/5-Things-That-Can-Invalidate-a-Burglary-Insurance-Claim-131.html

Certainly, some of the larger insurance brokers do have a claims department. However, please understand that the role of an insurance broker is to get you the best quality, all-encompassing insurance policy at the keenest possible price. That’s how they earn their money. Certainly, they will help you with your domestic burglary insurance claim to the best of their ability in the limited time that they have available for what for them is a non-profit making activity. It may interest you to learn that 65-70% of our business is actually referred to us by insurance brokers. We hope we have made our case.

Thefts and burglaries are very unsettling and frustrating incidents. Although your insurance provider will fill you with confidence when you first take out a policy with them, often they will not maintain the same level of customer service when you submit a theft claim with them. Each and every item taken will be scrutinized resulting in a very stressful process. Our theft claims managers will take the entire process off your hands making it simple and easy to understand. We will liaise with your insurance provider keeping you informed throughout. We will even arrange for emergency repairs to your property within hours of your initial contact.

What our client's say

March 21, 2023 theft and vandalism coverage can be one of the most confusing aspects of a property insurance policy. What are the differences between theft, vandalism, and burglary? are these coverages available under basic, broad, and special form coverage? coverage for these perils can be limited. The cost of a break-in for a vacant or renovation property can be over four times the national average. It is of the upmost importance that you and your investor clients understand the differences and limitations of coverage.

Most insurers offer a no claims bonus for all insurance types, including third party. This means you'll build your no claims bonus at the same rate on a third party policy as you would a more comprehensive one. Check out our guide on what exactly impacts your premium price. Learn more.