Hail damage can often be missed and then lead to serious damage to your property. A delay in filing your commercial insurance claim for hail damage can become a hurdle in getting the optimum insurance recovery for your business. We can help.
Hail causes an average of nearly $1.3 billion in property damage each year, plus tens of millions of dollars in crop damage.
Usually, the most costly hail damage occurs on the roof of your building, but depending on the type of roof, the extent of the property damage can go undetected or be difficult to measure. If not identified and dealt with promptly, subsequent damage can occur later, such as water damage and potential structural damages extending from that.
Hail damage can also impact windows, doors, air conditioning units, landscaping, and vehicles. Our public adjusters understand the full scope of the hail damage and will work with you to evaluate and document your property damage in detail to negotiate a claim with your insurance company that will get you what your business needs in order to recover.
Make sure you fully understand the meaning of each of the following before you move forward. Feel free to reach out to us for a no-cost discussion about your claim.
What is my agent/broker’s role? Will his/her role be active or passive? When faced with supporting your position or the insurance company’s, where will he/she stand?
The insurance company hired a construction estimator. What do I need to know?
Loss of Appearance allowances. Are they covered?
Why is a claim strategy so important?
Am I impacted by coinsurance?
Prompt inspection and documentation by YOUR experts is key.
How is hail damage determined/identified?
Can there be damage to the roof without any visible damage?
Air conditioning units: repair vs. replacement. Can repaired units have the same efficiency?
Chipped roof tiles. Do they need to be replaced?
Value engineering a different roof covering vs. paying for what was actually damaged. Is that a good strategy?
Do you have to accept a settlement that leaves you with dented property?
Exterior paint. Requirements/protocols regarding matching all sides.
Is there coinsurance in your policy? Properly managing coinsurance requirements can prevent financial disaster. Not properly managing coinsurance requirements can put you out of business! If there is, what does it mean? If there is, did your insurance adjuster explain it to you? How is coinsurance calculated: on replacement cost or actual cash value?
Prompt inspection and documentation is key to a successful claim.
Is there a methodology to properly document the loss?
It takes a trained professional to identify and document hail damage. Do you have the right experts lined up? You should not rely only on the insurance company’s experts.
How much of my time will this take?
How Our Public Adjusters Help You
EvaluateFully reviewing your insurance coverage.
StrategyDeveloping a claim management strategy.
ComplianceDetermining policy compliance issues.
ValuationsCompleting detailed valuations of building, equipment and inventory losses.
InterruptionFormulating business interruption models.
ItemizationPresenting and supporting an itemized claim package to your insurer.
NegotiationNegotiating on your behalf with your insurance company.
CommunicationKeeping you informed every step of the way.
SettlementUltimately settling the claim for the maximum amount and with less hassle for you.
As you know, I am a fire Chief with the Glendale, AZ Fire Department. For years, I believed that my insurance company was my friend. So at first, when hail damaged a building I owned in Glendale, I naturally assumed that I would be well taken care of. Looking back…After my first meeting with my Insurance Adjuster I realized that I was WRONG!...In a nutshell, you fought for me all the way. When the insurance company did not want to pay me for the industry standard contractor’s profit and overhead you stood by me and did not waiver until they agreed to pay. In the end, I’ve no doubt I was paid at least 50% more than I would have been paid without your help. And there is no way I can put a price on the time that I saved as a result of you doing the work…You guys are highly professional claim experts and anyone thinking that they can handle a large insurance claim on their own should think again.
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