| FAQs ON COMMERCIAL CLAIMS |
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Will my insurance company pay for Loss of Rent or Loss of Use? Yes. As long as you have Loss of Use coverage or Business Interruption coverage on your insurance policy, Maximum Insurance Adjusters can get you payment from your insurance company to help you with the financial burden associated with lost use of your business or business machinery. Even if your business was not fully damaged by the peril, you still may be entitled to Loss of Rent (LOR) payments or loss of use if you were ordered out of your business by the fire department, city, code enforcement, or any governmental agency. How should I document my loss and prepare my inventory list? Documenting your loss and preparing an inventory list after a loss can be extremely overwhelming and difficult to perform. At Maximum Insurance Adjusters we will prepare your inventory list with you, review the damages, document them, and photograph the damages. Having a complete and accurate inventory list and accompanying documentation will help us put an accurate dollar value on your claim. This will help us negotiate your claim for the highest settlement amount under your policy with your insurance company. How long will it take to receive money on my claim? It depends on each claim, the amount of supporting documentation available, previous payout amounts (if any), and how the claim has been handled. A claim, whether large or small, can take anywhere from 60 days up to a year to generate payment. Some claims can take longer if there are complicating factors. Maximum Insurance Adjusters constantly strives to get payment issued to our clients as soon as possible, whether through an initial partial payment or full payment of the settlement. If partial payment is issued, Maximum Insurance Adjusters will pursue re-inspection, mediation, or even appraisal to ensure our clients get the maximum settlement under the policy for their loss. Do I have to accept the payment offered by my insurance company? No. If the money offered is less then what you need to complete your repairs, Maximum Insurance Adjusters can always file a supplemental claim and get you the money that you are entitled to under your policy. If your insurance company has issued you a check it is important to consult with Maximum Insurance Adjusters, or legal counsel, before depositing the check. Deposit of checks from your insurance company can prevent you from re-opening the claim or pursuing additional money from the insurance company. Should I sign any documents the insurance company gives me? No. Do not sign any release or waivers of any kind until you speak with a Public Adjuster or legal counsel. You do not want to waive any rights that would otherwise increase your settlement. At Maximum Insurance Adjusters, we only represent you, the police holder, and we look out for your best interests. We will carefully review any and all documents from your insurance company with you to help you make a decision that will be in your best interests. |