Commercial Property Damage Attorneys
Your business can be devastated by property damage due to a storm or other event. Commercial property damage can interfere with your livelihood, on top of the damage to your building. Commercial property insurance is designed to protect your business. If your commercial insurance carrier denies you proper compensation for your loss, you could have a bad faith claim.
Contact us today for a free consultation and case evaluation with an attorney experienced in handling Beaumont commercial property damage cases. Byrd Ramsey will fight the insurance company to compensate you for the money they owe you. Call now, 409-202-2020 or contact us online.
Common Insurance Company Tactics to Deny your Business Damage Claim
Insurance companies will try to pay as little as possible, by underestimating the extent of losses or misrepresenting the cause of the damage. Another tactic that insurance companies use is to delay or deny legitimate claims with the hope policyholders will eventually give up their fight.
However, insurance policyholders can legally fight back. Hiring the proven commercial property damage lawyers at Byrd Ramsey to help with the insurance recovery process is the best way for owners to protect their investments.
Common commercial insurance disputes include:
- The loss of property value of the commercial building.
- The amount of business income lost because of the damage.
- The estimated value of the destroyed business equipment or other insured items.
- The replacement cost of the commercial property.
- Whether the repairs are necessary.
- Whether the cause of the damage is covered under the policy.
- The cost of repairs to the commercial property.
Fight against the Bad Faith Tactics of Insurance Companies
Commercial property owners have insurance to ensure that losses from wind, hail, or fire don’t destroy the financial stability of the business or cause the property value to decline.
When damage occurs in a natural disaster, policyholders should be able to expect that insurance companies respond with understanding about the devastating impact and pay out claims in a timely and fair manner. However, the insurance industry does not always follow this ideal, and commercial property insurance disputes commonly remain unsettled for several years.
Seeking legal assistance to fight against your insurer’s bad faith tactics helps protect your investment. An experienced commercial property damage attorney is necessary when pursuing bad faith claims in court. The attorneys at Byrd Ramsey are here to help ensure your insurance company will pay the repairs you make to your property. Contact us online today.