AboutBennie 719 Expertise I have extensive knowledge in Personal Auto, Homeowners Insurance and Personal Umbrella coverage. Also thoroughly familar with claims handling procedures. Will not be able to quote rates because I took an early retirement. I still maintain a valid California Property/Casualty Agent/Broker license.
Experience Experience in the area: I have been answering questions at allexperts.com since 2002 in the catagory of "Property & Casualty Insurance". Licensed in California since 1961, first in Life/Health for 3 years and as a Property/Casualty Agent/Broker since 1964. Retired at age 58, but still complete my 30 hours of continuing education every two years in order to keep renewing my license.
Expert: Bennie 719 Date: 5/7/2008 Subject: Renter's Insurance and Recovery of Stolen Goods
Question My girlfriend and I had our Apt broken into and some jewelry and electronics stolen. We've filed a claim and are being issued a check. My question concerns the police finding our stolen items. Through follow up e-mails and calls with the police, the officer who we reported the crime to said they may have found some of our items in a recent traffic stop.
If we go ahead and replace our missing items, how much are we liable in paying back the insurance money?
Answer Hi Doug,
Once you have been paid for and replaced the stolen items, any items recovered later become the property of the insurance company.
Since you seem to be in that "in between" stage, it is necessary that you notify the insurance company that the police "may" have recovered some of your property so they can send a representative with you to inspect the items in police custody to determine if they are yours and the condition of the recovered items. The insurance company representative can take delivery of the items on behalf of the company, or through mutual agreement that the items are still 100% in the same condition as when they were stolen, decide to let you accept custody.
I hope you find this information to be helpful.
Your feedback by rating my answer will be appreciated.
