Avoiding Mistakes in Commercial Claims

Even the most sophisticated property owners are typically not adequately prepared to successfully navigate the property claims process without professional help. The ever-changing landscape of property claims, and the expertise required to expedite fair settlement awards often leaves property owners under-resourced when claims occur. Hiring a professional public adjuster as soon as possible after an event occurs is typically the best way to ensure a positive outcome to your claim. Absent professional representation, there are some key mistakes to avoid in the commercial property claims process:

Delaying Notification: Promptly report the damage to your insurance company to avoid potential complications or coverage issues.

Failure to Mitigate Further Damage: Take reasonable steps to mitigate further damage to your property after the incident, as failing to do so could impact your claim.

Incomplete Documentation: Thoroughly document the damage with photographs or videos and gather all relevant information, including dates, locations, and witness contacts.

Miscommunication: Maintain clear and consistent communication with your insurance company, providing accurate information and promptly responding to inquiries.

Not Reviewing the Policy: Familiarize yourself with your insurance policy to understand coverage limits, exclusions, and deductible requirements, preventing misunderstandings during the claims process.

Neglecting Follow-Up: Stay engaged throughout the claims process, following up with your insurance company as needed and ensuring that your claim progresses efficiently.

Accepting Inadequate Settlements: Review settlement offers carefully to ensure they adequately cover the damage to your commercial property. Don't hesitate to negotiate or seek professional claims or legal advice if necessary.

By avoiding these mistakes and remaining proactive throughout the commercial property claims process, you can increase the likelihood of a successful resolution. The best way to ensure you receive fair compensation for the damage to your property is by hiring a professional public adjuster.