My house was burglarized 20 years ago and my entire stereo system was stolen which put my homeowners insurance to the test. I have to say I was 100% satisified with the way Nationwide handled the claim. All of our personal property items including the stereo and other electronics, silver and jewelry, was covered without question and we were reimbursed for each item that we replaced. Any items we chose not to replace were paid on some kind of discounted present value basis. The policy deductible applied of course, but only to the overall total. I was frankly anticipating some problems with the hifi gear since some of the models had changed since I bought them and retail prices had escalated a lot since the original purchases. However, there were no problems at all. It probably helped that we bent over backwards to be fair to the insurance company and we did have receipts for many of the items. Nevertheless, I felt somewhat vindicated when nearly all of my hifi equipment was located several months later and 3 states away. Even though Nationwide never questioned what I claimed was stolen, I wanted to say "See, I told you I really did own all this stuff."
Since the burglary, you can be sure that I fully document each purchase. I also keep the receipts in another location in case of a fire.
P.S. No affiliation with Nationwide except as a policyholder.
Since the burglary, you can be sure that I fully document each purchase. I also keep the receipts in another location in case of a fire.
P.S. No affiliation with Nationwide except as a policyholder.