A check from the insurance company is finally here. It seems like forever that you have been waiting for your Hurricane Sandy insurance claim settlement check to arrive. However, before you deposit it, our commercial insurance claim attorneys would like you to consider several points.
What Connecticut Businesses Should Do Before Cashing a Sandy Settlement Check
- Make sure you understand what money you have received from the insurance company. Is it your full claim settlement? Is it a partial payment? Or is it an emergency advancement to get you by? Do not cash the check until you understand what the money stands for. Beware: if you deposit your full settlement check, you may not be able to make any future Sandy claims.
- Do not feel rushed to agree on a settlement with the insurance company. You do not have to take what they offer you. You can disagree with the insurer and attempt to get a higher settlement.
- If you cannot reach an agreement on payment, you can call your state insurance department to find out if they have a mediation or arbitration option.
- If you are not satisfied with your claim settlement, talk with an experienced commercial insurance claim attorney for help seeking a higher claim settlement.
As insurance litigation lawyers, we know firsthand how exhausting is the claims process. Especially when you are trying to run a business and regain the momentum that you lost during the storm, you may need an extra hand to help you deal with your Connecticut commercial insurance claim during this time. Call the Voss Law Firm to speak with a knowledgeable commercial insurance professional about your claim today at 888-614-7730. You will receive a free consultation, and you can request a free copy of our book Commercial Property Owners Must Read This BEFORE Filing an Insurance Claim.