If you’re a commercial property owner, you know how devastating water damage can be. You also know that the process of filing an insurance claim can be complicated and overwhelming. That’s why it is important to have the right information and resources on your side.
Here are four essential tips to make sure your claim is successful:
Hire a Public Adjuster Early
The first and most important step is to hire a public adjuster. Public adjusters are licensed professionals who specialize in evaluating property claims and ensuring that the insurance company pays out on a policyholder’s behalf. They will review your policy, assess the damages, calculate the cost of repairs, present evidence to support your case, and negotiate with your insurer on your behalf.
Be sure to document all relevant information related to your claim such as photos of any damages, repair invoices, estimates from contractors, etc. Having this documentation handy will help you build an effective case and make it easier for your public adjuster to negotiate with the insurance company on your behalf.
Know Your Policy
It’s important for business owners to understand their rights when filing an insurance claim. Familiarize yourself with the terms of your policy and contact an experienced public adjuster if you have any questions or need help interpreting anything in the policy language. Additionally, some states have laws that protect insured parties from unfair practices by insurers during claims processes so be sure to check those out too!
Be Proactive & Stay Organized
Finally, stay organized throughout the process by keeping track of all paperwork related to the claim and follow up regularly with your public adjuster or insurance company regarding progress updates. The more proactive you are in managing your own claim process, the better chance you’ll have at receiving fair compensation from the insurer without having to go through lengthy legal proceedings or arbitration processes.
Commercial water damage claims can be stressful, but they don’t have to be overwhelming if you know what steps to take when filing them. By researching your policy, hiring a professional public adjuster, gathering evidence effectively, and staying proactive during the claims process will help ensure that you receive fair compensation from your insurance company.
Have questions about your property insurance claim? Feel free to contact Stark Loss for more information about how a Public Adjuster can help.