After a severe storm hits your industrial complex or business, the most obvious damages are the lost roofing, collapsed structures, and other major damages to buildings. While these damages are often the most pressing concern when it comes time to file insurance claims for those storm damages, it’s important that you take the time to assess all of the property damage suffered and what might actually be covered by the policies you carry.
Other Types of Storm-Related Property Damage That May Be Claimed Under an Industrial Insurance Policy
Although the specific details about covered losses can only be determined by examining the coverage your industrial business carries, industrial insurance policies usually cover the obvious damage to buildings and structures, as well as:
- Damage to equipment
- Damage to fixtures and furniture
- Damage to supplies and tools
- Damage to inventory
Multiple Types of Storm Damages Means Complicated Choices for Industrial Complex Owners
In addition to the number of different types of property damages you may be filing claims for, there are also the complex choices that must be made in regard to these damages. Will you be repairing damaged equipment or replacing it? What repairs hold the greatest priority? What assessments will be necessary to prove your insurance claims and avoid potential problems? To get the most out of your coverage and make sure that you make the right choices for your business, you will need to get thorough and complete answers to these and other complicated questions about your claim.
If you are unsure what losses are covered, or if you are concerned about organizing your industrial insurance claims and mitigating further losses after a severe storm, don’t hesitate to reach out to our experienced legal team today by calling our office directly or filling out the confidential contact form on this page.