What this Fire Means for You –a Business OwnerAccording to the Texas Forest Service, there were as many as 1,188 homes destroyed in the Texas wildfires, including 800 in the Bastrop fire alone. There were numerous businesses destroyed or damaged in the fire as well, which means there will be many Texas fire insurance claims inundating insurance adjusters.
Although insurance adjusters may be busy with these fire claims, they still have a job to treat you fairly and process your claim in a timely manner. Any delay in your Texas commercial property claim can hurt your business’ pocketbooks; however, insurance companies are notorious for using different tricks and tactics to stall paying out claims.
Speed bumps to watch out for include:
- Not calling you back – insurance companies routinely delay their phone calls because they know they will have to pay your claim. They think ignoring your call will buy them some time, allowing them to hang onto the money longer.
- Delay in payment – if you feel that the insurance company is stalling or asking you for the same information over and over again, then they probably are trying to delay the claim process. In order to get your company’s claim paid in time, you may need the help of a professional who can navigate you through this process and negotiate with the insurance company.
- Damages exceed your policy – because insurance companies are in the business to make money, they may interpret your insurance policy differently – to their advantage. If they tell you that the commercial fire damages exceed your policy, do not take a lower offer. You need to consult with a skilled commercial insurance attorney at that point to make sure your rights are being protected.
When your insurance company is acting in bad faith, you should talk with a Texas commercial insurance claim attorney. Call the Voss Law Firm for a free, no-obligation discussion of your case with one of our knowledgeable insurance litigation lawyers at 888-614-7730.