As a business owner, you know that property damage can be a huge headache. Commercial property insurance is a vital requirement of any business. When something goes wrong, it’s important to have the peace of mind that comes with knowing you’re covered.
Commercial property claims can be complex and time-consuming, but they are worth pursuing if you want to have your business back on track. Continue following on the ins and outs of commercial insurance claims and how to file them correctly.
What Are The Most Prevalent Commercial Property Insurance Claims?
- Theft: Businesses are often targeted by thieves, and it can be difficult to recover your losses from theft. If you experience theft, make sure to file a police report and contact your insurance company.
- Water Damage: A burst pipe or a flood can cause serious damage to your property. It’s important to have a water damage restoration plan in place so that you can minimize the damage caused by pooling or flooding.
- Fire: If your business catches on fire, it can be a complete disaster. Not only will you have to deal with the damage caused by the fire, but you may also have to relocate your business or shut down temporarily.
- Wind: Strong winds, especially from hurricanes and tornadoes can cause serious damage to commercial property. If you experience wind damage, make sure to file a claim with your insurance company at once.
- Liability: Businesses can be held liable for accidents that occur on their property. If someone is injured on your property, you may be liable for their medical expenses. It’s important to have liability insurance in case something like this happens.
What Are The Steps For Filing A Commercial Property Claim?
Once you’ve decided to file a commercial property damage claim, it’s important to act quickly. Here are the steps you need to take:
- Notify Your Insurance Company: Your insurance company will assign an adjuster to assess the damage. Be sure to have your policy number handy so that you can provide them with accurate information.
- Document The Damage: It is important to document the damage as accurately as possible. This will help your lawyer determine how much compensation your commercial property insurance claim is worth.
- Keep Track Of Your Expenses: Keep track of all of the expenses that you have incurred as a result of the property damage. This will help you receive the compensation you deserve for your damages.
- File A Police Report: If the property damage was caused by theft or vandalism, make sure to file a police report. A police report will be beneficial when filing your property damage claim in Florida.
- Contact An Insurance Claims Lawyer: A property damage lawyer will assist you in navigating the complex process. They will work on your behalf to achieve the best possible outcome for your denied commercial property claim.
Reach Out To A Property Insurance Lawyer Today!
If you have suffered property damage, reach out to a commercial property insurance attorney. At Homeowners Claim Denied, we have the experience and knowledge to help you file successful commercial property damage claims. Call us today at (954)-807-1872.