Flood Damage – Commercial Insurance Claims
When commercial properties are flooded, there are a lot of complicated factors to consider. The impact of not just the water itself, but the pollutants and chemicals carried by flood waters, can be devastating to equipment, machinery, and electrical components. The seen and unseen structural damage must be accounted for as well, and knowing what to look for and what can happen down the road is critical to making good business decisions about your recovery. The expense of mitigating water and mold damage can quickly cut into your insurance recovery, and you are immediately faced with high-pressure, high-cost decisions about what to salvage and what to replace, what is required and what is optional. All of this depends on your recovery strategy – and that in turn depends on a thorough understanding of your insurance coverages.
The average commercial property insurance policy does not cover flooding; therefore you must have separate insurance through the National Flood Insurance Program (NFIP) or a private carrier in order to file a flood damage claim. NFIP flood insurance policies can be significantly different than a traditional commercial property insurance policy. The requirements and deadlines are specific and strict.
Our public adjusters can help by:
- Fully reviewing your insurance coverage;
- Determining policy compliance issues;
- Developing a claim management strategy;
- Completing detailed valuations of building, equipment and inventory losses;
- Formulating business interruption models;
- Assembling comprehensive claim presentations with expert reports; and
- Expediting the insurance claims entire process.
Our public adjusters work exclusively for the policyholder—not the insurance company—enabling us to act in your best interest. As your advocate, we ensure that both you and your business’ flood damage claim are treated fairly by the insurance company.
Who have we helped?
We were always aware of the complex issues the claim generated and the difficulty that some of them posed. Your professionalism, knowledge and steadfastness were outstanding and the ultimate result certainly met our most optimistic expectations.
Thomas W. Aro
Executive Vice President – Alpha Hospitality Corporation, New York, NY
Our insurance claims experts have helped thousands of business owners across all types of industries. We encourage you to look through our references and testimonials and to contact us for recommendation letters. An internal review showed that our clients felt we delivered what we promised and would work with us again—facts we are proud of. We welcome the opportunity to put you in touch with past clients so you can ask them yourself.
We highly recommend that you check references of any public insurance adjuster you are considering hiring. Over 5,000 glowing references attest to the fact that we stick by our core principles, the first of which is to always look out for our clients’ best interests.
Listen to our podcast on “Flood Insurance: Understanding and Recovering from One of Nature’s Worst Disasters” for tips from our experts:
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If you’re suffering from a commercial property damage claim, we can help! Call us at 877.482.1234 or fill out the form below: