If your business has suffered water damage, and you need to file a commercial insurance claim, you also need to hire a public insurance adjuster. If you're like most business owners, you think that you can handle the insurance claim on your own, but that's not necessarily the case. This is especially true where commercial claims are concerned. Commercial insurance claims can be difficult to process, especially water damage claims.
That's where a water damage insurance adjuster comes into the picture. Your water damage insurance adjuster will help you navigate the pitfalls that you can face during an insurance claim. Here are just four of the ways they can help you through the claims process.
Provide Independent Investigation
If your commercial building has sustained water damage, and you need to file an insurance claim, you need to ensure a fair investigation. Unfortunately, without your own representative, that might not happen. That's because your commercial insurance company will work to reduce the amount of their coverage. That's why hiring your own insurance adjuster for your commercial claim is so important. Your insurance adjuster will provide an independent investigation to ensure that your rights are protected.
Identify Potential Coverage Concerns
If you need to file an insurance claim for water damage in your commercial building, you need to hire a public insurance adjuster. During the initial investigation, your insurance company will determine whether the damages are covered by your current policy. If they determine that your policy doesn't cover the damages, you might receive either a reservation of rights, or a letter of denial of coverage. That's where a public insurance adjuster comes into the picture. Your public adjuster will work to identify potential coverage issues early, which will allow them to ensure proper coverage.
Process Business Interruption Claims
If you're dealing with the aftermath of a commercial flood, you want to safeguard your business interruption claim. You might not realize this, but your business interruption claim will handle financial losses associated with loss of income, and additional expenses, including temporary commercial building rental fees. Your public insurance adjuster will ensure that your business interruption claim is processed properly.
Ensure Fair and Adequate Settlements
Finally, if you've filed an insurance claim for water damage to your commercial building, you need to make sure that you receive a fair and adequate settlement. Unfortunately, if you're handling your own negotiations, that might not be possible. In fact, you might not even know what a fair settlement would be for your commercial damages. To make sure that you don't lose out on your insurance settlement, you need a water damage insurance adjuster in your corner. They'll make sure you get what you're entitled to from your insurance company.