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When your business has received damage, especially from a disaster, there is no telling how long you will have to wait to repair any damages, let alone open back up for business. There is a lot that goes into a business interruption claim, making it very confusing on your end when all you want to do is get back to your business. Here are some of our tips when filing a business interruption claim in RI.
The First Thing You Should Do When Your Business Is Impacted By A Disaster
Document Everything
Before you talk with your insurance company, it is important to be documenting everything that was damaged. Take photographs, videos, gather documents, find old receipts, etc. anything you can do to help push your business interruption claim further. Once you have all these items, this is the time to file your claim. If you hire a public adjuster, especially one from Performance Adjusting, they can help you from beginning to end with your claims process to ensure you receive the most money from your business interruption claim in RI.
Know What an Insurance Adjuster Will Look For
This is one of our greatest tips when filing a business interruption claim in RI. This tip goes hand in hand with our last one, as if you know what an insurance adjuster is looking for during the claims process, it will go much smoother and with less stress on your end. The main items you want to have ready for when the insurance adjuster arrives in those documents we discussed in our previous tip. The insurance adjuster will be taking photographs of the scene and so should you. Comparing your photos of loss and evidence will go a long way in your claims process.
Know What You Are And Aren’t Covered For
Under your business interruption policy is the best place for you to start when disasters hit your property. In a lot of cases, your plan requires your business to receive significant physical damage for you to receive the money for repairs. If there was a small storm that impacted your business, it may not be worth filing a claim as your rates may rise. If there are large amounts of damage, you should begin the business interruption claim process.
Like we said for other information as to what you are and are not covered for, your policy is the best place. Every policy is different from one another as you may be covered for one thing under one clause, but not at all in a different policy.
Continue to Push Your Claim
At the end of the day, it is your business and all you want to do is repair it fast to get back to work. Take your business interruption claim at a quick but careful pace. Read everything your insurance company is telling you will and will not be reimbursed for. If you feel you are not receiving the most money for your business interruption claim, contact a public adjuster who will take over the process on your behalf, making sure it is stress-free on your end.
Loss of Income Reimbursement
One of the great things about filing a business interruption claim, is that through the process you may be entitled to receive loss of income reimbursement. When disaster strikes, there is no telling how long the repair process may take, however, if you have loss of income covered under your business interruption policy, you will likely receive an income while your business is being repaired.
Do You Need Help With Your Business Interruption Claim in RI?
To file a business interruption, claim in RI for the best settlement, hiring a public adjuster is one of your best options! Our staff at Performance Adjusting is ready to help with your claims process. If your insurance company is being difficult, or you are not receiving the most money for your claim, let us help you! If you need us, call us today!
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