How Long Can Business Interruption Coverage Last In Orlando, Florida?
You’re supposed to be getting compensated for the income you miss out on while your business is down for repairs, but for how long? At what point do insurance companies stop reimbursing for lost income and place you in a financial dilemma? This guide reveals the average duration of business interruption coverage in Orlando, FL. […]
How Is Lost Income Calculated After A Commercial Property Loss?
Every day your commercial property or business is shut down due to damage is a day of revenue that you cannot afford to lose. Interruption of operations creates lost income. At a certain point, your business interruption reaches a threshold that can cause a business to fail; be it financially, through a lost customer base, […]
What Damages Are Covered By A Condo Association’s Master Property Policy In Sarasota?
Condo managers in Sarasota often get a master property insurance policy to cover the most common types of damage that a larger property might sustain in Florida. However, it is imperative not to assume that all damage or property is covered in this one package. This guide lists damages that are typically covered by a […]
How Does Moisture Behind Walls Affect Insurance Claim Values?
Water damage assessments can be relatively clear on the surface. Furniture replacements will cost this, hotel stays during repairs will cost that. But the moment moisture seeps behind the walls, you’re going to need a second calculator. Your insurance claim value will depend on whether that moisture is new or old, and what your policy […]
What Should Property Managers Know Before Filing A Large-Loss Claim In Tampa?
There are losses, and there are large losses. In Tampa, a large-loss claim is one that is worth upwards of $100,000 or more. That’s a lot of damage, and you need to be sure if your insurer is taking all of it into account. This guide covers what you need to know about large-loss claims […]
Does Insurance Cover Mold Caused By A Burst Pipe In Ocala?
Mold is often a gray area in property insurance. Knowing if you’re covered or not can feel like pulling teeth, but we’re here to help set the record straight. This guide explains when mold damage is covered (and when it’s not) when faced with a burst pipe disaster in Ocala. Know your policy so you […]
How Do Insurers Calculate Business Interruption From Water Damage?
You submit a claim, you get a number back. That’s your settlement offer, but do you know what it took to get that number? Putting value on business interruption costs is complicated. And when the cause is water damage, things get even deeper. This guide will help you gain a better understanding of how insurers […]
Smoke, Soot, And Water: The Hidden Damage Insurance Often Overlooks
Most damage caused by fire can be seen by the naked eye. But what about damage that happens beneath the surface? There are damages that occur where you can’t see, and these hidden damages should be included in your final settlement offer. This guide explores the most common types of hidden damage and how a […]
What Your Insurance Adjuster Won’t Tell You About Fire Damage Claims
Insurance adjusters are often working on tight schedules. They must move quickly and close claims efficiently so they can move on to the next case. During periods of widespread damage, this can sometimes result in settlements that do not fully account for the scope of a loss. But this is about you, and you deserve […]
What Fire-Related Losses Are Most Often Underestimated By Insurers?
When filing a fire damage claim in Tampa, it’s worth taking a second look to ensure that you’re getting a fair settlement. While not always the case, there’s always a chance that your insurance company may undervalue the cost and scope of certain damages. This guide will introduce some of the most commonly underestimated fire-related […]
