In business, unexpected events can happen anytime. Commercial property insurance is an important protection for business owners in Florida. But what do you do when your insurance company denies your claim or doesn't cover the full amount of damages?
If you are facing a dispute with your insurance company, one of our experienced commercial property insurance claim attorneys at Lacey Lyons Rezanka can address your concerns. Contact us today by calling 321-608-0890 or filling out our form.
What Does Commercial Property Insurance Cover?
Commercial property insurance is a type of insurance that helps protect business owners from financial loss if their property is damaged or destroyed. This type of policy can cover buildings, equipment, inventory, and other types of property owned by a business. In some cases, commercial property insurance may also provide coverage for business interruption, which can help a business continue to operate after a covered loss.
Reasons to File a Claim
Many different events could lead to a commercial property insurance claim. Some of the most common include:
- Wind or Hail Damage
- Water Damage
Whether or not a policy covers a particular event typically depends on the specifics. For example, some policies may exclude coverage for flooding, while others may provide limited coverage for wind damage. It's essential to read through a policy carefully before purchasing it to ensure that it provides the type of coverage you need.
Filing a Claim
If you need to file a commercial property insurance claim, the first step is to notify your insurer as soon as possible. You will then need to provide information about the incident, including when and where it occurred, what damage occurred, and how much it will cost to repair or replace the damaged property. Your insurer will then investigate the claim and determine whether or not your policy will cover it. However, this process can often take weeks or even months.
Commercial Property Insurance Disputes
Insurance claims disputes happen when an insurance company denies a claim or does not pay the total amount to which the policyholder is entitled. Denials or underpayments can be due to many reasons, such as the insurance company believing that:
- The damage is not covered under the policy
- The policyholder is not entitled to the full amount of coverage
- The policyholder did not provide enough information about the incident
When a commercial property insurance claim dispute happens, it is important to remember that you have rights, and there are things you can do to protect yourself. It is also essential to know that there are time limits for taking action on your claim, so it is crucial to take quick action if you think you may have a dispute.
Legal Representation for Property Insurance Disputes
Lacey Lyons Rezanka helps with insurance claim disputes for commercial property owners in Florida. Our attorneys can help you understand your rights and options and represent your interests in negotiations with the insurance company. If you decide to file a lawsuit, we can also represent you in court.
With a thorough understanding of Florida insurance law, our legal team can guide you through the complex legal process of insurance disputes and help you find the best possible outcome for your case. Contact us today by calling 321-608-0890 or filling out our form.
Tips for Commercial Property Insurance Holders
As a business owner, there are several things you can prepare in case you ever run into a property insurance dispute:
- Have a detailed inventory of all your business property so that you can provide accurate information to your insurance company.
- Gather all relevant documentation, including the policy, police reports, bills, estimates, and receipts. Always keep good records of all documentation related to any claims.
- In the event of property damage, get more than one estimate for repairs if possible.
- Read your policy carefully and make sure you understand what is covered and what is not.
- Talk to an attorney who specializes in insurance disputes. At Lacey Lyons Rezanka, our legal team can review your policy and help you determine what coverage you have and what your options are.
It is not unusual for insurers to low-ball claimants in an attempt to settle claims quickly and cheaply. Do not blindly accept the first offer from the insurance company. If you do not feel the offer is fair, be prepared to negotiate or file a lawsuit. Contact us today to learn more about your legal options - please call 321-608-0890 or fill out our form.
Contact an Attorney
At Lacey Lyons Rezanka, we understand that dealing with insurance companies can be frustrating and overwhelming. We are here to help. Our legal team can review your policy, help you understand your coverage, and fight for the compensation you deserve. Contact us today to schedule a free consultation - please call 321-608-0890 or fill out our form.