Skilled in resolving commercial building hurricane claims
If you own a commercial building that is damaged by a recent Florida hurricane, you may be wondering what rights you have under your insurance policy. Your business may suffer if it takes weeks to repair the damage’ what are your options? At GED Lawyers, LLP, our Florida insurance claim attorneys assist business owners and other commercial building owners with getting their lives back on track after a major storm. If your business is suffering as a result of a recent Florida hurricane or other disaster, contact us today for legal guidance you can rely on. We fight insurance companies so you can get back to business.
What do commercial building insurance policies cover?
Commercial buildings may have several types of insurance policies that provide coverage in the event of a disaster.
For example, commercial flood insurance is usually necessary to cover damage from storm surges. Storm surges occur when coastal waters rise because of a storm. Without flood insurance, damage caused by water entering the structure may not be covered at all.
General commercial building policies often cover the contents of a building. Furniture and fixtures are common types of items covered by commercial building policies. Computers, servers, routers, modems, and other types of electronic equipment may also be covered.
Commercial property insurance may also include business interruption coverage. This type of coverage provides funds for the loss of income that is suffered due to a hurricane. Power outages that last for weeks, an inability to access the building, and serious damage are all common reasons that businesses must shut down for a while after a hurricane. With business interruption coverage, these business owners have some protection against losses in place.
Did you know that your commercial property damage may be calculated in different ways? If your policy uses actual cash value, the property’s depreciation is subtracted from its replacement cost. This value largely depends on the opinions and observations of the insurance adjusters and others associated with the insurance company’ therefore, it is not uncommon for such a number to be vastly below the actual value of the damage the structure has sustained.
In contrast, replacement cost is the actual amount of money needed to rebuild the structure using similar materials in the same location. It is important to review your insurance policy to know which method would be used after a hurricane.
How does an attorney help with my hurricane damage claim?
It is wise to hire one of our acclaimed Florida hurricane damage attorneys to assist with the hurricane claims process, especially if you own a commercial property. Commercial insurance coverage is often confusing and complex, and having our attorneys on your side ensures your legal rights and your best interests are protected every step of the way. Our goal is holding insurance companies accountable for paying the maximum amount they owe you for your claim. We have recovered tens of millions of dollars for Florida home and business owners from insurance companies that refused to pay until our aggressive Florida hurricane damage attorneys got involved.
Your attorney is able to:
- Speak with adjusters on your behalf
- Assist with calculating losses
- Assist with obtaining quotes from contractors to repair damage
- Negotiate with the insurance company
- If necessary, file a lawsuit against the insurance company, if the insurance company is unwilling to settle the claim for a reasonable amount of money
Without one of our skilled insurance attorneys on your side, you may unknowingly settle your claim for far less than it is worth. Insurance companies are tricky and they do not want to pay your claim. We know their tricks and won’t stand for denied or lowballed claims.
Contact the experienced Florida disaster relief attorneys at GED Lawyers today
The state of Florida is no stranger to hurricanes, and neither are the attorneys at GED Lawyers. Our hurricane damage attorneys aggressively pursue all avenues of recovery on your behalf to ensure you obtain the compensation you deserve. We understand that living through a storm is a traumatic experience, and we are glad to relieve our clients of the burden of dealing with insurance companies. We fight insurance companies so you can get back on your feet. To schedule your free case review with us, call 844-443-3529 or visit us online. Offices throughout Florida.