Business Property Claims For The State Of Florida
Many business owners in Florida have protection of their assets through commercial property insurance, which should cover losses such as vandalism, theft, water damage, mold, and many kinds of natural disasters. Unfortunately, filing a claim usually leads to many business owners learning what falls under the terms of their coverage and what does not, but anybody who is having issues getting coverage for damage should seek the help of a Florida/Georgia business insurance claims attorney.
When you do not fully understand all of the coverages available or limited by your insurance policy (and most people do not), you should not just take an insurance adjuster's word for how a policy works. Do not lose out on the money you need and deserve because of a lack of understanding about how your policy is supposed to work.
Common Issues with Business Property Claims
Commercial property insurance should cover all business losses when business property is damaged or destroyed. When you first purchase commercial property insurance, a building and personal property coverage form should be used to insure most kinds of commercial property.
An insuring agreement within the form will promise to pay for direct physical loss or damage to the property that is covered. Coverage may include:
- the building and any structures
- outdoor fixtures
- permanently installed fixtures
- additions to covered buildings
- any machinery
- equipment
- building materials used to maintain and service the business premises
When you file a commercial property insurance claim for business losses, an insurer will usually determine the value of the losses by assessing the replacement costs of your business losses and subtracting the accumulated depreciation for age and condition from the cost of replacing your property. Before you file a claim, you should take steps to prevent any damage from getting worse.
Gather evidence of your losses by taking photographs and collecting any documents showing the value of your losses. You can then contact your insurance company to file a commercial property insurance claim, and they will investigate the business losses, although most insurers underestimate the value of claims.
When you think an insurer is underestimating the value of your claim, you will want to seek the help of an experienced Florida property insurance claims attorney. The lawyer will be able to negotiate your claim with the insurance company for a more suitable settlement, and they may opt to pursue damages through litigation when necessary.
Call Us Today to Schedule a Free Consultation with a Florida Business Property Claims Attorney
Has your business suffered losses for which the insurance company is not providing adequate coverage in Florida? Diane Zimmerman, PA, can make sure that you receive the coverage you are entitled to.
Our firm can help you understand your insurance policy, hire professionals, and deal with the insurance company on your behalf to pursue maximum recovery under your policy. Call 850.866.0833 or contact us online to set up a free consultation that will allow us to review your policy and take the steps necessary to ensure a full recovery.