Insurance Claims: What is Proof of Ownership

Two receipts held with a binding clip on a wooden seruface meant to portray proof of ownershipUnfortunately, sometimes your word isn’t enough. If you ever need to make a homeowners or renters insurance claim, you’re likely to be asked for proof of ownership of the affected assets. You’ll require some documentation of your lost or damaged belonging so you can be properly compensated. However, what constitutes proof of ownership, and more importantly, what happens when you’re unable to provide evidence of ownership? Let’s review what proof of ownership is and why it’s important when making an insurance claim. [Read more…]