Visit one of office locations to complete the Business Property Statement. You will be asked to present valid government-issued photo ID when you arrive.We plan to determine a replacement cost value (RCV) for our personal property inventory items that include the price of the item, the shipping cost, and tax. We'll pay the replacement cost for items at the time of loss, then up to the full amount of the cost in today's market in the event of a covered loss. The intent of this Regulation is to permit reimbursement for the repair or replacement of. Personal Property. 4.4. Submitting proof of loss is a formal step that every insurance carrier is going to require when a person files a claim. Contact us for more help. After a property loss you must report the damage to your insurance company agent or representative to start the claim process. Warning about adding names.