Property Damage Losses Commercial Property Claims Recovery Process
There are crucial steps that must be followed with strict timelines to avoid more damage or an outright rejection of your claim. Our public adjusters have tremendous experience and expertise in evaluating commercial property insurance policies. We work with you throughout the claims process to implement the claims strategy that is best for you.
Step 1: The Safety of Your Employees & Customers
Your priority is ensuring the safety of your employees and taking care of your customers.
Step 2: Contact a Public Adjuster
Our team will meet with you immediately at a time and location most convenient for you.
Step 3: Thorough Review of Your Policy
We will conduct a comprehensive review of your policy, noting restrictions, coinsurance requirements, limitations, and options. We will inspect and document the damaged property thoroughly.
Step 4: Creating a Claims Strategy that Works with Your Goals
Working with you, we create and activate a claims strategy that meets your goals and objectives.
Step 5: We Take Care of all Insurance-Related Needs.
Once we have agreed on a strategy, we will:
- Regularly meet with the insurance company’s personnel on-site.
- Determine an agreeable scope of repair and evaluation of damages.
- Prepare a detailed reconstruction estimate. Evaluate all reconstruction estimates prepared on behalf of your insurer.
- Prepare a detailed inventory of personal property. Evaluate all personal property inventories prepared on behalf of your insurer.
Step 6: Negotiations & Final Settlement
We will negotiate equitable settlements, accurately taking all damages into consideration, as we consider increases in labor and material costs, supply chain difficulties, and other relevant factors.
Step 7: Restoration of Property
You need to start repairs as soon as possible with some funding from the policy in place. Outside of the deductible, your insurance carrier needs to help with the funding of the project.