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 a key to managing your liability and risk.
The interpretation of your policy and scope of work to be performed can be very subjective. Policyholders have a view, and insurance companies have a view, and sometimes they are vastly different. We are here to serve and protect the interests of you, the policyholder, 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, 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.
Know your options from one of the most trusted Texas public adjusters near me for the commercial and multifamily fire insurance claims. Insurance Claim Recovery Support (ICRS) is a public insurance claim adjusting firm specializing in large property damage commercial insurance claims.
We hold HAAG Commercial Roof Inspector and IICRC WRT certifications in addition to public adjuster licenses in multiple states. ICRS routinely settles multi-million dollar fire insurance claims. If you own or manage an HOA, Multifamily or 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.