Property Damage Loss Report
Instructions
- Protect property from further damage.
- Cover if exposed to the elements.
- Make repairs if reasonable and necessary to protect property from further damage.
- Maintain record of all expenses incurred protecting the property.
- Separate damaged from undamaged personal property, if possible.
- Take photos of damage preferably before you take protective action.
- Prepare inventory of personal property damage.
- List quantity, description, actual cash value & amount of loss.
- Attached bills, receipts and related documents.
- Retained damaged property until a claims adjuster approves disposal (unless a danger to safety).
- The adjuster may need to inspect the property.
- The insurance company may be able to salvage damaged property.
- Notify police in the case of a theft.
- Be prepared to provide additional documentation as requested by the adjuster.
- Expect to be contacted by the claims adjuster within 48 hours.
- If the damage significantly effects your continuing operation, we will request the insurance company to expedite your claim.
- Please let us know immediately if your circumstances change and this loss will have a greater effect on your business than originally anticipated.
- Business interruption or extra expenses due to loss.
- Record all expenses incurred due solely to the loss.
- Wages for employees involved in clean up or repair.
- Overtime paid for employees to fulfill orders that would have been completed during normal hours if not for the loss.
- Outside venders involved in clean up, repair, etc.
- Leasing of temporary space until your facility is repaired.
- Leasing or purchase of any items necessary to continue operations.
- Record all expenses that you continued to incur dispute the necessary suspension of your operations.
- Wages for employees who were sent home but still paid (may be covered for continued payroll).
- Etc.
- Document any business lost due to the necessary suspension of your operations.
- Canceled orders
- Order refused
- Etc
- Complete financial records may be necessary to determine your lost income due to the loss.
- Your accountant may be able to assist especially if your on-location financial information was destroyed due to the loss.
- The insurance company may assign an accountant to determine the exact amount of your loss.
- Record all expenses incurred due solely to the loss.