Business owners in Maryland and throughout the East Coast are realizing that just because they paid expensive insurance premiums year after year to protect their business, they can still get a denial letter from the insurance company following Sandy. While commercial claim denials are already happening throughout the Northeast, business owners that haven’t received a claim denial yet need to know what to do in order to improve their chances of receiving a fair settlement.
First, it always pays to be prepared and well informed. If your business was damaged by Sandy or lost income due to business interruptions from power outages, turn to your commercial insurance policy to find out if your company has business interruption coverage or other provisions and additional coverages.
Although filing a Sandy commercial insurance claim can be challenging and an overwhelming process, you can improve your chances of getting a settlement if you are aware of your benefits under your policy. In order to fully understand your Maryland commercial insurance policy, it is beneficial to talk with a commercial insurance claim professional who understands insurance policy lingo, declarations, endorsements, riders, provisions, and exclusions.
An experienced insurance claim attorney can help you:
- Take a detailed inventory of all your damaged property, equipment, and supplies
- Document revenue losses, expenses, and any lost business income
- Maximize your settlement by negotiating with the insurance company on your behalf
Remember: insurance companies will want to pay you the least amount they can on your claim, and someone who deals with insurance companies for a living knows how to maximize your recovery. As insurance litigation lawyers, we have seen insurance companies deny valid claims and offer low settlement amounts to policyholders in the wake of natural disasters. This is why we are here to make sure your insurance company acts in good faith and provides you with the best settlement under your policy.
Even if you have been denied, the Voss Law Firm may still be able to help you appeal your claim denial. Call us for claim help today at 888-614-7730, and receive a free consultation and a free copy of our book Commercial Property Owners Must Read This BEFORE Filing an Insurance Claim.