If the loss involves a credit card or bank fund transfer card, notify the credit card company or bank immediately. How to settle a property loss claim quickly Determining ownership and the value of stolen property is difficult after the loss, simply because there is nothing to view. One or more of the following may help verify the facts. Photographs of inventory or a family member with item in the background. If you have a loss, you and the claims person will be using these items to establish the age and value of your possessions.
Most insurance policies provide coverage for personal property on an actual cash value basis.
Some policies or endorsements provide coverage on a replacement cost basis, without considering depreciation. Discuss the details of your policy with your State Farm agent .