When a commercial building has been damaged by fire, it can be an incredibly difficult and costly process to resolve the insurance claim that follows. Business owners need to be prepared to navigate the complex paperwork and often confusing regulations surrounding their policy in order to receive the compensation they deserve for their losses. This is where a public adjuster can help. A public adjuster is a licensed professional who specializes in navigating insurance claims, particularly those dealing with property damage caused by fire.
Here are four ways that a public adjuster can assist you with your commercial fire damage insurance claim:
Public adjusters are well-versed in the complexities of commercial insurance policies, and have specialized knowledge of the coverage restrictions, exclusions, and other fine print details within each policy. They can review your policy thoroughly and explain any ambiguities or inconsistencies that you may not understand. They also have experience handling specific types of commercial claims such as those involving fire damage.
Public adjusters will help prepare all necessary documents for filing your claim with your insurer including estimates for repair costs, photos of the damage and evidence of ownership/occupancy rights. Because they know what information is required from an insurer’s perspective, they can ensure that all relevant documentation is filed accurately and completely to maximize your chances of receiving full compensation for all eligible losses and damages due to the fire incident.
Even after preparing the claim correctly, there is often much back-and-forth negotiation between insurers and claimants when trying to settle a dispute over financial responsibility or damages payouts. A public adjuster can act on your behalf during these negotiations, ensuring that you get as close as possible to what you’re asking for without compromising any legal rights or other important details associated with the settlement agreement.
If an insurer attempts to deny payment on valid portions of a claim or otherwise try to reduce its liability in some way, then having a public adjuster available provides additional representation during dispute resolution procedures such as mediation or arbitration hearings should they become necessary. A qualified public adjuster will be able to provide testimony on your behalf backed up by relevant facts and data pertaining to both your policy coverage terms as well as estimated property damages caused by the fire incident itself if needed for disputes over amounts owed or recoverable under certain circumstances according to applicable laws or regulations governing insurance claims processing procedures in general.
Have questions about your property insurance claim? Feel free to contact Stark Loss for more information about how a Public Adjuster can help.