Your company is one of the most important investments in your life, and damage caused by water or flooding can have a devastating impact if not remediated properly. How you handle water damage in the first 24 hours can determine the extent of the losses your property experiences.
Water and Flood Damage Claim Considerations
Commercial insurance policies don’t cover flood damage. They require a separate policy from the National Flood Insurance Program. Some insurance companies cover some water damage related-losses in general commercial liability policies, while others do not.
Depending on your state, you may have only 14 days to file a water damage claim. If the damage is older than 14 days, the company may deny your claim. In general, you have 60 days to file a flood-related claim and prove your losses.
Because water damage and flood damage are different perils in the insurance industry, you must be careful about the terms used when filing a claim. Because of the frequency of water-related losses, some insurance companies try to limit their payouts. A public adjuster will help prevent this from happening to you so you receive the payout to which you are entitled.
After you file a water or flood damage claim, it can take up to two days to hear from your insurance company. At Commercial Claim Pro, we understand that acting quickly is essential to business continuity. One of our public adjusters will promptly be at your service to help start the drying process, mitigate further damage and handle the claim on your behalf.
Your public adjuster will also assist with considerations, such as:
- Determining the extent and location of the water damage using specialized equipment.
- Determining if your property suffered black water-related losses.
- Obtaining estimates.
- Hiring contractors to clean, sanitize, dry and restore your property.
- Reviewing documents and agreements before you sign them.
A Commercial Claim Pro public adjuster only has your best interests in mind as he works to achieve the maximum settlement for your losses. Contact us today and let us know how we can help with your water damage claim.