If your business has suffered any kind of loss caused by fire, flooding or other types of weather events covered in your insurance policy, you will need to start the insurance claim process to obtain compensation from your insurer. Even in cases when the business interruption insurance policy covers the type of damage your commercial property has suffered, the claim process can be long and difficult, so it is absolutely crucial to act quickly and to proceed exactly in the way stipulated by your policy to be able to obtain the compensation you need.
A business interruption insurance is a policy that includes not only coverage for the property itself, but special, additional coverage for your loss of income caused by the disruption, the costs of having to move to other premises during the reconstruction of your property, the costs of renting new offices and equipment.
As you see, such an insurance policy is a really valuable document that enables your business venture to function even in difficult times, but the insurance claim process will require you to take care of documenting your case and submitting your case file.
Your documentation will have to contain a detailed assessment of the damage, evidence to substantiate your claim, written estimates of the repair costs and different forms required by your insurer. Every insurance company has its own file submission protocol in place, so you must be very careful to comply with every formal and content-related requirement if you want to win your case.
The next phase of the insurance claim process is meeting the adjuster sent by your insurer and starting the negotiations to reach a compensation settlement. This phase is maybe the most nerve-wrecking, as you will need to justify and fight for every penny in your claim. The settlement proposed by your insurer will probably be much lower than the sum you are claiming, and you will have to list powerful arguments to convince the other party to pay what you are entitled to.
If you consider damage compensation too difficult to handle on your own, you can hire professionals to take care of your damage recovery case. Independent public adjusters are insurance professionals who represent their clients in damage compensation cases and who can guarantee that you will obtain the highest possible compensation.
If you need qualified help with your insurance claim process, you can turn to Liberty Claims Adjusters – this nationwide company has vast experience in handling business interruption insurance cases with success and they will surely be able to help you make the most of your case.