Fire damages typically include charred, water, soot, and smoke-damaged materials. The scope of work and estimated cost to reasonably mitigate, repair, or replace your business or residential property may also include mold, asbestos, business interruption losses, and code compliance. Ensuring water and other damages caused by the fire department’s efforts to put out a fire can lead to mold issues which most policies have limited to no coverage. How a fire claim is documented and submitted to an insurance company can make all the difference between a fair and prompt settlement and years of unnecessary litigation or appraisal.
Understanding your contractual duties as a policyholder to your insurance company and the contractual duties your insurer owes you as a policyholder is key to managing your liability and risk.
A proper good faith claim investigation can be subjective especially if the mitigation wasn’t handled properly or your fire claim has repair vs. replacement disputes. The interpretation of your policy and scope of work to be performed can also be very subjective. Oftentimes, Policyholders have a certain view of covered damages, and insurance companies share a different view. When the scope and price of damages are in dispute, we help policyholders like you meet the burden of proof required by insurers and represent your interests to negotiate a fair and prompt settlement on your behalf, never the insurance company.
Navigating policy language, benefits, and exclusions, proper depreciation, insurance adjuster estimates, engineer reports, law and ordinance limits, mold limits, documenting your losses, and holding your insurer accountable to the department of insurance guidance and insurance code statutes are all key points to successfully negotiating a fair and prompt settlement with your insurer.
Avoiding underpayments, delays, and unnecessary litigation can wear out even the most vigilant policyholder.
When you search for the most trusted public adjusters near me for commercial and multifamily fire insurance claims, Insurance Claim Recovery Support (ICRS) is the public insurance claim adjusting firm specializing in representing the interests of policyholders dealing with large property damage insurance claims.
We hold HAAG Commercial Roof Inspector and IICRC WRT certifications in addition to public adjuster licenses in multiple states. ICRS routinely settles complex multi-million dollar fire insurance claims. If you own or manage an HOA, Multifamily apartment complex, food plant, storage facility, or other commercial property, you’re no stranger to risk management. When your real estate asset suffers a fire, managing risk and knowing your policyholder rights is critical to getting the fair and prompt settlement you deserve.
Large Commercial and Multifamily fire damage insurance claims can be complex, time-consuming, frustrating, and expensive if you don’t have professional guidance and representation. Know your rights and know your settlement options.