Commercial Insurance Claims for Collapse Damage
When handling your collapse damage insurance claim, keep in mind that collapse can be interpreted in different ways. Recover all that you’re entitled to with help from our professional public adjusters!
What is your insurance coverage for collapse claims? As a business owner, a roof collapse can be devastating for your business and can lead to additional costs that you may be unaware of while filing your insurance claim.
In most cases, collapse is already built into your commercial property insurance policy because it can happen to you regardless of where your business is located. In the North, winter storm damage to your building may cause a roof collapse. In the South, air conditioning units on the top of your building may weigh down and weaken the roof to the point of collapse.
Is the damage partial or total? Your insurance company’s team will have their own interpretation about the extent of the property damage and what is covered in your commercial insurance policy. Who is on your team working to protect your interests? Our experts have the experience and resources to evaluate and document your damage in detail and negotiate your claim for the maximum amount. With offices in Honolulu, HI, Portland, OR, Provo, UT, and throughout the U.S., we proactively handle the insurance claims process for business owners in Hawaii, Oregon, Utah, and across the country. We help them recover more, sooner. Because when your business is at stake, you deserve to rebuild and continue operations as quickly as possible.
What To Focus On After Collapse Damage
What is my agent or broker’s role?
How do I keep my employees?
How do I keep my customers?
Why is a claim strategy so important?
Am I impacted by coinsurance?
What do I need to know about the insurance company’s adjuster and experts?
Am I entitled to an advance from the insurance company? What is reasonable?
What does it mean when the insurance company recommends a preferred vendor? Who will this vendor actually be working for?
Contractors may tell you they can do what public adjusters can do. Can they really? What is their background and education in insurance? Are they licensed and bonded? In many states, like California, it’s against the law to practice without a license!
The policy says it is your responsibility to submit a reconstruction estimate. Why would the insurer want to do it for you?
What is the difference between functional replacement and true replacement cost coverage and why should you care?
How is actual cash value determined?
Can you do the repairs yourself? Are you entitled to the overhead and/or profit that a contractor would typically charge?
What are the benefits and the pitfalls of not replacing your building?
Do you have to replace on the same site? Can you buy or build elsewhere?
Can you collect building code enhancement coverage if you build elsewhere?
How quickly can you start rebuilding following a loss?
How much of my time will this take?
How Our Public Adjusters Help You
- Evaluate Fully reviewing your insurance coverage.
- Strategy Developing a claim management strategy.
- Compliance Determining policy compliance issues.
- Valuations Completing detailed valuations of building, equipment and inventory losses.
- Interruption Formulating business interruption models.
- Itemization Presenting and supporting an itemized claim package to your insurer.
- Negotiation Negotiating on your behalf with your insurance company.
- Communication Keeping you informed every step of the way.
- Settlement Ultimately settling the claim for the maximum amount and with less hassle for you.
Industries Our Public Adjusters Have Helped
Client References & Testimonials
- 11805 Mayfield Association
- 13030 Moorpark Homeowners Association
- 1st Choice Pallets
- 3 Day Suit Brokers
- 3-G Video Cassette Corp.
- 3rd Millenium Inc
- 4230 Stansbury Association
- 4455 Hazeltine Homeowners Association
- 49 Square
- 4D Development
- 610 S. Broadway Associates
- 714 Market Street Building
- 7700 Place Apartments
- 945 Elliott
- A & F Engine
- A B I / Accordia of California Insurance
- A Pawn Shop
- A&H Management
- A-1 Embroidery
- A-1 Performance
- A. Morgan Maree, JR. & Associates
- A1 Vacuum Cleaner
- AAA Plating
- Aaron & Deanne Rafferty
You and your team worked closely with my team of professionals that included the contractors, the engineers, the industrial hygienist, the remediation crews and most importantly, the insured (me) and guided us through this complex and at times, frustrating process. You are able to accurately assess the building loss as well as the loss from business interruption...You have efficiently and effectively negotiate on my behalf with the insurance company...The final insurance settlement was more than three times of the initial settlement offer of $500,000. I could not have accomplished this without your help. The best part is that all the insurance benefits were paid up front. Now the construction is completed, I am happy to say that I got almost a new office building, with more than 65% of the interiors and exteriors being re-done.Mimi S. J. Hu, Principal
As you know, I started negotiating with their adjuster on my own after the loss occurred. That was perhaps the worst business decision I have ever made. I finally realized that I needed representation by someone who was an expert in insurance losses. By the time I engaged your services MSI had already had their own consulting engineer look at the building and had recommended a repair plan that was totally unacceptable. It took Adjusters International to undo that plan and negotiate the settlement to which we agreed. Based upon the offer to settle made by MSI before Adjusters International intervened and the one we finally accepted, the final settlement was nearly three times the original offer. Or to put it another way, I received an additional sum of money that was twelve times more than the fees Adjusters International charged me. That was a good investment!Lowell Lancaster
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