Although it’s normal to want a little time to think about the extent of the hail damage on your property and what happens next, don’t be tempted to put off notifying the insurance company about the damage. In many cases, waiting even a day or two to report a loss event can potentially wreck your claim.
One of the first steps you should take after you recognize damage from a hail event is to look at the industrial insurance policies you hold and find out what your responsibility is for reporting a loss. While you may not be ready to file a claim for your damages right away, it is likely that you still need to notify the insurance company of what happened. While you might assume that the insurance company already knows that your entire region was pelted with a severe hailstorm, you should still err on the side of caution and notify your insurer.
Keep in mind that you don’t necessarily have to file a claim right away just because you’ve reported a loss event. You will still have to go through the expected process of assessing, estimating, documenting, and preparing the claim before it is filed—but it can all be for naught if you haven’t followed through on your responsibility to notify the insurance company of a loss.
Claims for hail damage to industrial properties can be complicated, and policyholders may have to take an active hand in their claims in order to maximize their results. If you have questions, reach out to our law office today at 888-614-7730 to talk about your concerns and schedule a free and confidential case review.