During a burglary, it is likely that there is property damage. It happens then that your insurance company and that of the owner of your accommodation oppose knowing who is responsible for reimbursing the damage. The role of the property deterioration agreement is to clarify everyone’s responsibilities.
What is the property deterioration agreement?
The property damage agreement or theft agreement is a directive signed by the various insurance companies in 2007. It was voted on by the Plenary Assembly of damage insurance companies (APSAD). Its purpose is to determine who bears the burden of compensation for the costs of restoration after a theft or attempted theft. Through this agreement, the insurers wish to facilitate the settlement of this type of claim and avoid procedural delays.
How does the property deterioration agreement work?
The agreement stipulates that for claims whose amount does not exceed €1,600, it is up to the tenant’s insurer to compensate the claim within the limits provided for by its theft guarantee. If the amount of the repairs is greater than €1,600, the owner’s insurer will be responsible for making the reimbursements.
What to do in case of burglary at a tenant?
Before the property deterioration agreement applies, there is a procedure to follow. To begin with, the tenant must file a complaint with the police station or the gendarmerie in order to prove that the damage is not his fault. For this, he must draw up a list of damage and theft. The police or gendarmes may come to the home to take fingerprints. They will draw up a report which will serve as proof of the burglary.
The tenant must inform the owner quickly so that the latter can declare the loss to his insurer. For this, the owner must attach the receipt of the tenant’s complaint to his statement. He must also attach the list of damaged and stolen objects. Your tenant must provide all invoices and photos that can help the insurer of his owner to estimate the amount of the reimbursement. The owner must provide invoices and photos of his stolen or damaged equipment.
Respect the deadline for sending the file. The deadlines are defined in the insurance contract. Find out about the extent of your coverage for this type of dispute. Multi-risk home insurance is the most comprehensive contract. Some “non-occupant owner” insurance policies also cover these disputes.
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Lily Poole is a Property and Home Insurance officer by profession. She is pretty well experienced in the home insurance NYC and accounting field and has an impressive profile in the training and development industry.