Hurricane and Tropical Storm Damage – Commercial Insurance Claims
Hurricanes, tropical storms, and other windstorms represent the fifth top cause of loss for business. The Gulf Coast has been particularly hard hit over the past decade. Combined, Hurricane Rita and Hurricane Ike resulted in $15 billion worth of insurance claims filed in Texas alone. Hurricane Katrina resulted in 156,000 commercial business claims valued at approximately $20 billion.
It is no secret that hurricanes and tropical storms cause extensive damage to building structures. High winds cause differential pressure inside and outside of buildings, compromising roofs, walls, windows, and doors. Once structural elements in your building envelope are damaged or destroyed, water can get in. Rainwater and storm surge complicate the damages caused by hurricane and tropical storm winds and debris, bringing with them the strong possibility of mold growth.
Insurance policies often contain limited coverage for items such as debris removal and mold remediation, making it imperative to strategically categorize and present your recovery costs in order to maximize your available insurance coverage. A thorough grasp of the details of your business interruption, extra expense, codes & upgrades, mold, and other relevant coverages will help put you in the driver’s seat when it comes to navigating your insurance claim. Understanding the specific language of your commercial property insurance coverages and exclusions is critical to making sure you get everything you’re entitled to under your policy.
Our public adjusters can help by:
- Fully reviewing your insurance coverage;
- Determining policy compliance issues;
- Developing a claim management strategy;
- Completing detailed valuations of building, equipment and inventory losses;
- Formulating business interruption models;
- Assembling comprehensive claim presentations with expert reports; and
- Expediting the insurance claims entire process.
Our public adjusters work exclusively for the policyholder—not the insurance company—enabling us to act in your best interest. As your advocate, we ensure that both you and your business’ hurricane damage claim are treated fairly by the insurance company.
Who have we helped?
…We want to express our sincere appreciation for all of your tireless efforts and dogged determination in representing us in our insurance claim for Hurricane Ike damage. You did your best work in the final moments, at the negotiating table with the insurance company, to finish the claim by obtaining a comprehensive settlement amount.
John J. Dee
Chief Financial Officer
Our insurance claims experts have helped thousands of business owners across all types of industries. We encourage you to look through our references and testimonials and to contact us for recommendation letters. An internal review showed that our clients felt we delivered what we promised and would work with us again—facts we are proud of. We welcome the opportunity to put you in touch with past clients so you can ask them yourself.
For additional information, visit:
- “10 Things You Can Do To Make Disaster Recovery Go More Smoothly”
- “The Four Most Common Types of Property Damage After a Hurricane”
- “What is a Public Adjuster?”