Seeking Guidance on Allstate Claim for Stolen Property
I’ll keep this brief. My storage unit was broken into by thieves, and after a year, I finally received an $11,000 check. Unfortunately, my total losses exceed $100,000. I have invoices and photos for around 90% of the items.
I’m looking for advice on how to move forward, as insurance isn’t my expertise. My policy was supposed to cover replacement value, as explained by Allstate. However, they are now applying depreciation, but they’re not transparent about how they calculate it. For example, they claim a vacuum I purchased for $200 three years ago can be replaced for just $45—this doesn’t seem accurate. Additionally, they’ve drastically depreciated the value of a piece of art I bought for $12,000, claiming it’s worth nearly nothing when art typically does not depreciate in this way.
Should I consider hiring a lawyer? It seems like it may not be worth it for an attorney. I’m unsure what my options are. My goal is not to seek a handout, but to arrive at a fair solution that respects my situation.
Thanks in advance for any advice!
