In the aftermath of property damage, it is crucial to promptly take actions that minimize disruptions for both tenants and property owners. Additionally, adhering to local insurance regulations is essential. Having a guiding advocate during this phase can significantly save time during the recovery process’s outset.

Here are the recommendations provided by CARE Public Adjusters to aid property managers in crafting a course of action, submitting property insurance claims, and securing the best possible outcome.

1. Examination and Documentation: Prior to the arrival of your property claims adjuster, it’s important to examine and photograph the damages and their surrounding areas, anticipating potential future harm. For instance, while fire damage might be conspicuous, subsequent water damage to other sections might not be immediately visible. Adjusters generally consider only the damages present during the inspection. Identifying and documenting potential areas of lingering or future damage is of utmost importance.
2. Review of Insurance Policy: Though often perceived as tedious, reviewing your insurance policy is vital. Many property managers only delve into their coverage when a need arises. In cases of leased properties, individual home or rental insurance could apply to the loss, rather than the commercial property policy. Prior to initiating a property insurance claim, it’s essential to understand the extent of coverage and whether the policy dictates the claimant, with the guidance of a knowledgeable property damage appraiser.
3. Completion of Release Forms and Uncontested Payments: Typically, an insurance company’s reimbursement check is accompanied by a release form. Signing and returning this form is accompanied by the hope that the check will adequately cover the losses. However, what if it falls short?
4. Avoid Hasty Settlements: Opting for the insurance company’s initial offer might lead to out-of-pocket expenses to fully recover or replace property losses. Prior to making such a decision, it’s advisable to engage CARE Public Adjusters to evaluate the damage and guide the property insurance claim procedure. Rely on CARE Public Adjusters to supervise and facilitate the resolution of commercial property claims, ensuring the highest feasible settlement.
5. CARE Public Adjusters’ Support: CARE Public Adjusters stands by its clients, negotiating with insurers to attain the maximum possible reimbursement for commercial property insurance claims. Upfront fees are not required. CARE Public Adjusters initiates the process by inspecting the property damage, gathering information crucial for negotiations with the insurance company.