Filing an insurance claim for your business after a fire can turn into a long and lengthy process as you try to recover what your damages are worth.
While a number of different factors can affect your business fire insurance claim and how long the claims process might take, these three business insurance claim tips can help you speed up the process and make sure you get what you’re owed.*
After a fire or other catastrophic event at your commercial property, it’s crucial that you take photos of all damage that you plan to include in your claim. However, resist the urge to make any permanent repairs. Wait to start repairs until you get the okay from your insurance company. Furthermore, DO NOT ALLOW A RESTORATION COMPANY TO RUN UP YOUR INSURANCE TAB!!
You can make temporary repairs, in the meantime, to avoid further damages to your property, such as covering broken windows.
[pullquote]Call the police first if anything has been stolen from or vandalized on your property. Afterwards, let your insurance company know.[/pullquote]
As a business owner, you might already have a few contractors with whom you regularly work. Still, it’s a good idea to get a few bids from other contractors. Just make sure you get an accurate estimate of what your damages will cost. Again, do not allow any restoration company or general contractor to start work. This will eat up precious insurance coverage.
Stay stay on top of your business fire insurance claim! On the contrary, your claim can get lost in a sea of papers and take unnecessarily long to complete. Keep detailed records of all correspondence you have with the insurance company, and don’t hesitate to give them a follow-up call here and there to check on the progress of your claim.
*We provide this information for education only, and is not meant as a guarantee of results. Your results may vary.
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