During the winter months, many buildings are damaged due to strong winds, hailstorms, heavy downpours, or other disasters. The buildings that are affected aren’t just condos and residential homes, but also include commercial buildings that contain businesses, restaurants, warehouses, and even governmental offices.
When a single family sustains serious damage to their home, it can be devastating. Victims often have to find temporary housing, file insurance property claims, and deal with the damage that was caused for months after the disaster. However, when an entire company is forced to evacuate their building, find a new temporary location, maintain business productivity, and file the proper paperwork for their commercial insurance claim, it can be extremely complex.
Unfortunately, businesses have a hard time dealing with a disaster, as it can lead to productivity and profit losses, even when they have business interruption insurance. About 40 percent of businesses never reopen after a disaster affects them, according to the U.S. Department of Labor. Why is this?
Businesses that are affected by a disaster may need to move to temporary locations. Because of the physical tasks involved in moving the company and other recovery tasks, business owners are exhausted and overwhelmed in the wake of a disaster. This often leads them to accept early insurance recoveries in order to collect.
However, a Texas insurance litigation attorney should be consulted before any company or homeowner accepts an insurance settlement. Sometimes, insurance companies are not forthcoming about how much coverage exists. If insurance companies do not get fully documented losses and have someone in their face that fights for every dollar of coverage, they will not pay the amount the policyholder deserves. In fact, many times insurance companies will delay payment, not pay the full amount, or deny payments all together.
This is why it is critical to have a skilled insurance claim attorney on your side to help you fight the bad faith insurance companies.
If your company’s building was damaged or destroyed due to a strong windstorm, hailstorm, heavy downpour or fire, you need to know that someone has your best interests in mind and will help you pursue compensation for your property claim. To find out more about your rights, call the Voss Law Firm and speak with an experienced Texas insurance litigation attorney in a free consultation at (866) 276-6179 today.
Before Settling With an Insurance Company, Read this Advice from a Texas Insurance Litigation Attorney
The Voss Law Firm, P.C. represents clients on a local, national and international basis. We proudly serve companies and individuals along the Gulf Coast and around the globe on a contingency fee basis. Our law firm collects nothing unless we recover on our client's behalf.
