Superstorm Sandy ripped through Connecticut causing property damage and power outages to many commercial complexes and businesses, in addition to damaging residential properties. Now, in the aftermath of the storm, business owners in Connecticut and along the East Coast are filing business insurance claims for their losses.
While some insurance claims seem simple and you would assume that you would receive the full compensation that you deserve under your business insurance policy, insurance companies never fail to look for ways to hold onto your money. By undervaluing your claim, the insurance company can keep some of the money your business is actually supposed to receive.
Insurance companies often get away with undervaluing insurance claims because most people do not know the exact terms of their insurance policies or have the time or patience to read through their confusing, complex policy. Because many business owners want to get their companies back up and running again quickly following a disaster, they may accept an offer lower than what they deserve.
What Can You Do to Make Sure Your Superstorm Sandy Business Claim is Not Undervalued?
After a widespread disaster like Superstorm Sandy, the insurance companies are inundated with claims. This means that insurance companies will be on the hook for billions of dollars. Because of this, you should prepare yourself for the fact that it is likely that your insurer will lowball your claim payout. For this reason, you may not want to accept the insurance company’s initial offer. Negotiate with them to try and get more of the benefits that are rightfully due to you.
If the insurance company is offering you a lot less than what you believe your Connecticut business claim is worth, you should contact an experienced insurance lawyer to help you collect your full claim value. For a free consultation, call commercial insurance claim attorney Bill Voss at the Voss Law Firm at 888-614-7730 today. You can also fill out a form on our website to get a free copy of our book Commercial Property Owners Must Read This BEFORE Filing an Insurance Claim.