Do you have a commercial property damage insurance claim?
Dealing with multiple insurance companies for your commercial insurance claim?
Trying to understand your Commercial Insurance Policy to what’s covered?
Trying to figure out who can best help you with your Commercial Property Damage Insurance Claim?
Call New York Public Adjusters at 1-646-657-1928 for help and answer to all your commercial property damage claims questions!
Do you have a commercial property damage insurance claim?
Commercial property damage claims usually involve multiple insurance companies and policies.
They are more complex and are usually larger claims than a residential claim
Commercial insurance policies tend to have customized sections and clauses based on the insured’s needs.
A commercial insurance claim could be for an individual, corporation, partnership, multiple entities and specific requirements based on their tenant leases.
With commercial property damage claims you could be dealing with the building, inventory, business personal property, business interruption, equipment breakdown or cyber liability.
Commercial documentation could involve financial records, inventory, equipment logs, and usually forensic accountants to determine lost income
New York Public Adjusters, as local New York City Public Adjusters, have over 40 years of combined experience handling all types of commercial property damage insurance claims both small and very large complex losses.
As New York Public Adjusters we never represent the insurance carrier we present the property owner or commercial tenants.
For New York State we can charge up to 12.5 percent, and it’s usually based on the size and complexity of the property damage claim
We conduct a full damage assessment of the commercial
property, documenting all damage with photos, video, and a detailed written inventory.
For complex commercial losses, we bring in contractors, engineers and forensic accountants.
We review your policy carefully analyzing the commercial policy, looking at
coverage limits, exclusions, deductibles, coinsurance clauses, and business interruption coverages.
Some of the key things That Make Commercial Claims Different than residential claims
- Business interruption / loss of income coverage usually requires detailed
financial analysis
- Coinsurance penalties can significantly reduce payouts if the property
is underinsured
- We are dealing with multiple coverages including building, contents, equipment and potential, all of which need to be coordinated
- As commercial property damage claim tends to have larger losses which can trigger more scrutiny from the insurer, with multiple management levels from the carrier reviewing and approving payouts.
- If there are questionable items that are in dispute the carrier can ask for an examination under oath (EUO)
We are one of the best Public Adjusters in the New York City area significantly increasing your commercial property damage settlement. Our expertise is on large or complex losses where the insurer's adjuster will usually undervalue the commercial property damage claim.
New York Public Adjusters has settled all types of commercial property damage claims in New York City, Nassau County, Suffolk County, Westchester County and North!
For all your questions and help with your Commercial Property Damage Insurance Claim call us now at 1-646-657-1928!