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I used to be an Ins Agent, and this is correct- you may get the cash if you can show when you withdrew it from the bank and stashed it. A bank might be able to give you that info for verification. Most policies cover contents at replacement value after taking a single deductible at the time of the incident or "Occurrence." If you have a $500 deductible, they'll get it once for this incident. They'll make a list of all of the items you report missing and give you what they determine the amount of those items will cost to replace, with the best description or evidence you can provide (receipts for the items would be great, or credit card bills that show the purchase, etc.) and then take off the $500 or whatever your deductible is, and cut you a check.
You will have 30 days to discover any other losses (say, if you discover they took something else from a kitchen drawer next week that you had't noticed) and report them to the police and the insurance company.
Be as thorough and honest as possible. If your camcorder was taken and it was average at the time, but you can't get anything that decrepit now, it doesn't mean you get $50 because it was old- it means you get a good camera of today's median quality. Look up the word 'indemnity' because it will be the most powerful word for you to both use and understand for this situation. They are required to make you 'whole' as you were prior to the incident. You may not profit from this, but you also may not be left with lesser value. It's the law. If you had cash stolen, they must replace it. You must not exaggerate the amount by a red cent, but you mustn't let them decrease the amount, either.
Hope this helps, and if I can help any more, let me know. Each state has its rules, but most of them are close.
I used to be an Ins Agent, and this is correct- you may get the cash if you can show when you withdrew it from the bank and stashed it. A bank might be able to give you that info for verification. Most policies cover contents at replacement value after taking a single deductible at the time of the incident or "Occurrence." If you have a $500 deductible, they'll get it once for this incident. They'll make a list of all of the items you report missing and give you what they determine the amount of those items will cost to replace, with the best description or evidence you can provide (receipts for the items would be great, or credit card bills that show the purchase, etc.) and then take off the $500 or whatever your deductible is, and cut you a check.
You will have 30 days to discover any other losses (say, if you discover they took something else from a kitchen drawer next week that you had't noticed) and report them to the police and the insurance company.
Be as thorough and honest as possible. If your camcorder was taken and it was average at the time, but you can't get anything that decrepit now, it doesn't mean you get $50 because it was old- it means you get a good camera of today's median quality. Look up the word 'indemnity' because it will be the most powerful word for you to both use and understand for this situation. They are required to make you 'whole' as you were prior to the incident. You may not profit from this, but you also may not be left with lesser value. It's the law. If you had cash stolen, they must replace it. You must not exaggerate the amount by a red cent, but you mustn't let them decrease the amount, either.
Hope this helps, and if I can help any more, let me know. Each state has its rules, but most of them are close.
