Commercial property owners have insurance coverage on their properties to ensure that in the event of a catastrophic wind or hail storm, fire or water loss, It won’t destroy the financial stability of the business venture or cause the investment property to decline or become written off as a total loss.
For commercial property owners waiting to have their claim honored, it is their best interest to seek out legal assistance to in order to combat your insurer’s bad faith tactics. A commercial property damage attorney who is experienced in catastrophes can legally pursue bad faith claims in court and ensure the policyholder/business owner receives the money needed to repair their property.
Ideally, insurance companies would be understanding of the devastation caused by a storm and would pay out claims in a timely and understanding manner after a natural type disaster. Unfortunately though this is often not the case for how things work in the insurance industry, and commercial property insurance disputes commonly remain unsettled for several years.
Damage to your commercial property due to a storm or other event can be a devastating blow to your business. Commercial property damages not only affect your building structure, but can often interfere with your livelihood and the return on your investment property.
Many business owners have commercial property insurance to guard against these instances. If your commercial insurance carrier has denied you proper compensation for your claim, you could have a bad faith claim.
If you do find yourself in a bad faith claim, don't hesitate to call me 24/7 at 786-373-5786
Attorney Gabriel Jose Carrera
Of Counsel David W. Stillson, Esq
Attorney Gabriel Carrera is a Former Federal Law Clerk for the SBA Disaster Relief Program