When it comes to commercial property damage, large or small, business owners face a unique set of challenges—and often a good deal of stress—when they must file a claim with their insurance provider.
First and foremost, it’s important for business and commercial property owners to evaluate their policies every 2-3 years to ensure they’re properly covered against damage and natural disasters. According to FEMA, some mall businesses unfortunately have inadequate insurance—or no insurance at all—and they are forced out of business after a disaster.
These types of claims vary significantly and are obviously more frequent during years when hurricanes and tropical storms ravage Florida. Overall, they account for about 15% of small business claims. Roofs and windows are most vulnerable and many times the damages don’t show up until a year later when the windows or roof begin to leak can cause water damage.
According to a recent survey, about 20% of business owners have filed a burglary or theft claim in the previous five years. Make sure to file a police report asap. But there are many other reasons that light cause a business interruption claim. Know your policy and what it covers and excludes.
Water and flooding damage are also a frequent claim, and often one of the higher dollar claims. In areas where plumbing lines are below the foundation, we see slab leaks occur. When plumbing is in walls and ceiling it burst and cause costly damages as well.
One of the biggest risks to any commercial building, fire losses range widely in terms of value and can be one of the most costly claims property owners file.
Smoke is usually associated with a fire or smoldering heat and can damage drywall, flooring, and contents. Most of the time smoke cannot be cleaned and items must be removed and replaced. It may become important to document and test for smoke to discover the extent of the damages.
Commercial property damage and the resulting claims can be expensive, confusing, and tricky; don’t try to go it alone and trust that your insurance carrier will adjust it the way you see it when you can hire professionals to help.
When you have suffered commercial property damage in the state of Florida, contact Reliant Adjusters immediately, don’t wait until the issues are overwhelming and confusing.
We are always on the property owner’s side, and we will make sure that your claim is properly filed and handled and that you receive the maximum settlement to which you are entitled. Call us today at 561-929-9826