Commercial Property Insurance Claims
Don't Let The Complexity of Your Commercial Property Insurance Claim Keep Operations at Risk!
From property managers, facilities managers, asset managers, real-estate portfolio managers to landlords; one of the most chaotic commercial property situations faced is when a building suffers property damage. Many elements of complexity come into play, including how to mitigate the damage while leaving operations as unaffected as possible. In addition to all of these moving parts, there’s the property insurance claim. The massive amount of effort required to ensure your claim is submitted correctly and settled in the least amount of time possible with the best possible insurance recovery settlement is enough to keep your head spinning.
If you are just about at this point, it’s a good idea to add a public insurance adjuster to your disaster recovery toolbox. Public insurance adjusters such as United Public Adjusters & Appraisers handle all aspects of property insurance claims when property damage strikes. This crucial secret weapon allows you to focus on operations while we ensure you receive maximum insurance recovery in the least possible time.
A snapshot of the types of commercial buildings we handle includes, but is not limited to:
- Churches, Synagogues, Temples
- Financial Institutions
- Hotels and Motels
- Industrial Buildings
- Multi-unit Buildings
- Recycling Plants
- Schools and Universities
- Senior Healthcare Facilities
Our extensive experience lends itself to managing complex commercial property insurance claims involving:
- “Property Damage,” including buildings, fixtures, machines, furnishings, raw materials, and inventory.
- “Business Interruption,” intended to provide funds necessary while a business’ operations are suspended as a result of damage caused by a covered peril. Business interruption pays the net profit or loss of a business before income taxes and continuing operating expenses, including payroll.
- “Extra Expense,” covers expenses while mitigating the business loss, or increased costs in continuing a business in the wake of a loss. Reimbursement can include moving a covered business to a different location while the covered property is restored and can include equipment breakdown coverage.
- “Contingent Business Interruption” includes benefits to cover lost profits and extra expenses resulting from damage to a third party’s property.
- “Ordinary Payroll Coverage” provides for salaries as a continued expense and can include hourly employee expenses.
- “Loss of Rents” pays for lost renter’s income while a property is restored.
- “Extended Period of Indemnity” covers business interruption and extra expense benefits beyond the period of restoration.
- “Civil Authority” covers business income benefits during mandatory evacuations.
- “Utility Services – Time Element” extends business income and extra expense insurance coverage for losses caused by a utility that provides a business with water, power, or communications.
- “Loss of Ingress or Egress” coverage for when ingress to or egress from real and personal property is prevented.
Our team of expert commercial claim adjusters respond immediately and begin the undertaking of reviewing your commercial insurance policy, identifying and documenting damages, and developing mitigation plans in order to ensure a fair and equitable claim settlement in the shortest amount of time.