Do not let the insurance carriers take advantage of you. Insurance carriers often improperly adjust hurricane and other disaster property damage claims. You should not rely exclusively on your insurance company’s appraiser’s adjustment of your property damage. You have the right to an independent appraisal to assess your damages. Even after payment has been issued by your insurance carrier, you may still be entitled to additional compensation.
If your business is shut down or closed because of damage caused by a hurricane, you may also be entitled to damages under your policy’s business interruption coverage. This type of insurance covers the business income losses a company sustains during the restoration period. There are a number of legal issues that arise when making business interruption claims and the insurance company can use those issues to minimize your recovery.