Although your business may have been located next to the geographical area that was evacuated by civil authorities, and streets or highways may have been closed in your area following the natural disaster, it is unlikely that your business interruption insurance would cover your economic losses in this situation unless the words “defined loss” were removed from your business interruption policy.
When businesses are located within the geographical region that is evacuated by government officials, their civil authority coverage would kick in to cover their losses. However, because your company was not located inside that region, you may need to review your policy to determine if you have contingent business interruption coverage. This type of insurance may cover your lost income due to property damage at a customer, vendor, or supplier location.
If you are not sure what your insurance policy states, or if you would like more help understanding business interruption coverage from the insurance company’s point of view, call the Voss Law Firm. Our skilled Texas insurance litigation attorneys can help you ensure that your business is protected and explain why insurers and business owners have different views on business interruption losses.
We also can negotiate your claim so that you don’t miss any benefits that you are entitled to under your policy. Unfortunately, insurance carriers often provide policyholders with the lowest settlement possible so that the insurance companies can hang onto more of your money. Don’t let them get away with this. Call the Voss Law Firm at 888-614-7730 today for a complimentary consultation.