How We Handle Loss of Business Income Insurance Claims
A business interruption insurance claim is meant to cover the revenue your business would have earned if the damage had not happened and suspended your operations. When handling a loss of business income insurance claim and negotiating the settlement with your insurance provider, it is crucial that we identify the extent of the period of interruption so we can determine how much coverage is fair. The settlement you get should be sufficient to cover all necessary repairs and get you back on track with your business. As a policyholder, you shouldn’t settle for any less than you deserve.
Below is the step-by-step procedure of handling a loss of business income insurance claim:
- Taking necessary preventive measures to address life & safety issues.
- Mitigation of damages.
- Establish a preliminary recovery plan.
- Evaluation of coverages.
- Preparation of the claim and documentation.
- Negotiation and settlement.
- Restoration of property and business operations.
The #1 Panama City Claims Adjuster for Loss of Business Income
A loss of business income can be challenging to measure, which is exactly why you need a professional on your side. Our dynamic team of licensed claims adjuster are well-versed in the language of insurance policies and are highly-skilled and experienced in negotiation. We are fully dedicated to serving you, and not your insurance provider. That being said, you can rest assured knowing that our team is working on your best interests.
Even though you might be certain that your cost estimate is accurate, a second opinion from a professional won’t hurt. Who knows? You might discover that you’ve greatly underestimated your calculations, which could cause you a whole lot of trouble later on during repairs. When you settle for a lower coverage than what you deserve, you’ll end up having to shell out money out of your own pocket because the settlement wasn’t sufficient.
Denied or Low Loss of Business Income Insurance Claims
Without a professional licensed claims adjuster to represent your case, it’s easy for your insurer to take advantage of you. Your case may either get lowballed, or worse, rejected. We encourage you to practice your rights as an insurance policyholder, which is to get a fair settlement.
As Panama City’s top claims adjuster, it is our responsibility to:
- Assess your policy coverage
- Evaluate the extent and variables of your loss
- Prepare a comprehensive claim to present to your insurer
- Negotiate for a maximum settlement on your behalf
- Help you achieve financial recovery and get back in business
If you have already submitted a claim and it was either denied or you think the settlement is low, this is not a dead-end for you. We can always submit a new claim or reopen an existing one. This time, with higher chances of a successful outcome.
