Motions detectors at the National Corvette Museum in Kentucky sounded at 5:44 a.m. on February 12, 2014 when a sinkhole collapsed within the building. The hole consumed eight of the sports cars on display, a collection valued at up to $2 million.
Sinkhole damage refers to structural damage caused by a catastrophic ground cover collapse. The holes form when water flowing underground creates cavities and channels that eventually collapse the overlying soil into the voids. Rarely do sinkholes appear suddenly. Most cause progressive damage, leaving evidence in the form of depressions in the ground or cracks in walls, ceilings or the foundation.
Filing a Sinkhole Claim
Standard commercial insurance policies generally don’t cover sinkhole damage unless you purchase additional coverage. Sinkhole claims are among the most difficult for policyholders to handle alone because of the:
- Complexity of the insurance coverage details.
- Technical aspects of the investigation.
- Number of specialists needed to investigate the claim.
- Length of the claims process.
The investigation process for a sinkhole claim is more complex than other types of property damage claims. Furthermore, the repairs require unique protocols. When you experience sinkhole damage, it’s in your best interest to file a claim with the help of a public insurance adjuster.
Benefits of Public Insurance Adjusters
Following sinkhole damage, learn about the sinkhole recovery and repair options outlined in your policy, as well as the types of contractors needed, by consulting a professional who doesn’t work for your insurance company. At Commercial Claim Pro, our public adjustors have expertise in the insurance industry and know how to maximize the settlement you receive.
Your dedicated public adjuster will assist you with considerations such as:
- Proving the sinkhole caused the property damage.
- Safely securing your property.
- Documenting losses.
- Contacting the proper government authorities.
- Scheduling the proper tests to learn if additional sinkhole indicators exist.
- Securing an off-site location for your business operations.
- Obtaining estimates from contractors.
A public adjuster can help turn a sinkhole-related loss into an opportunity to enhance your property. If you suspect your property has sinkhole damage, contact Commercial Claim Pro for guidance with your claim.