Water damage can be extremely costly to repair. It can be caused by a number of different issues, from severe weather to broken pipes to a leaking air conditioning system. Water damage insurance claims can also be more complex than some other types of claims. The source of the water damage must be clear and you must look closely at the extent of the damage.
How water damage happens
Water damage is one of the most common types of damage sustained by commercial and industrial buildings, including high-rise buildings, schools, manufacturing facilities, hospitals, and refineries. How does water damage happen? Here are a few common examples:
- Frozen, leaking, or burst pipes
- Other plumbing issues
- Severe storms
- Leaking roof
- Sewer or drain backups
- Damaged heating system or cooling system
Water damage can ruin infrastructure, rot wood, and compromise the stability of a building. In addition, it can lead to dangerous mold issues.
Is your water damage covered by your property insurance?
It is vital to know which types of water damage are covered by your industrial insurance policy before water damage happens. Read your policy closely and consider whether you may need additional coverage for events like flooding.
Secondly, when water damage does occur, it is important to know the correct steps to take:
- Find the source of the water damage and correct it as quickly as possible
- Document the water damage as extensively as possible
- Keep track of all losses, repairs, and damages
- Communicate clearly with the insurance company
Industrial water damage claim assistance
At the Voss Law Firm, we are committed to helping businesses with complex insurance claims, including water damage claims on industrial properties. If you are having difficulty getting your claim approved, or if you believe your claim is being undervalued, call us today to speak with an experienced, knowledgeable insurance claim attorney: 888-614-7730.