Insurance Claim Recovery Support exclusively represents commercial Policyholders.
Our Texas clients have already received over $3,000,000 in undisputed advance insurance claim payments for flood and wind damaged buildings since Hurricane Harvey struck.
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Property & business owners dealing with the Hurricane damage insurance claims in Texas trust ICRS.
Most commercial hurricane damage insurance claims in the United States are grossly underpaid.
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Get the representation and documentation you need to get settled fairly and promptly.
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What Is Covered by Flood Insurance—and What Is Not
Direct physical damage to your building or its contents by or from a flood is covered by a NFIP flood insurance policy.
The NFIP’s General Property Form offers commercial policyholders coverage for:
1. Building Property up to $500,000
2. Personal Property up to $500,000
There are three important facts you should know about your coverage under a Standard Flood Insurance Policy General Property Form.
1. It is a single-peril policy; it only covers damage caused by flood as defined by the policy.
2. Subject to the policy limits, it pays for direct physical damage to your insured property up to the Actual Cash Value (See “How Flood Damages Are Valued”) of the actual damages or the policy limit of liability, whichever is less. Note: The deductible always is taken from the loss and not from the limit of liability.
3. Personal Property coverage, also known as contents coverage, is not included with building property coverage.
When wind interacts with a building, both positive and negative (i.e., suction) pressures occur simultaneously. (Note: negative pressures are less than ambient pressure, and positive pressures are greater than ambient pressure.) An office building must have sufficient strength to resist the applied loads in order to prevent wind-induced building failure. The magnitude of the pressures is a function of the following primary factors:
When a building is pressurized, the internal pressure pushes up on the roof. This push from below the roof is combined with the suction above the roof, resulting in an increased wind load on the roof. The internal pressure also pushes on the side and rear walls. This outward push is combined with the suction on the exterior side of these walls. Therefore, a pressurized building increases the wind load on the side and rear walls (see Figure 4) as well as on the roof.
Wind speed increases with height above the ground. Therefore, the taller the office building, the greater the speed and, hence, the greater the wind loads on the building.