1-888-HDZLAW-8 Alex R. Hernandez Jr. Trial Lawyers PLLC
Your business is a source of income; it gives you a roof over your head and puts bread on the table. Business properties are susceptible to damage from the elements. Natural disasters such as earthquakes and hurricanes can strike unannounced.
Your business needs to have an insurance policy to protect it from property damage. In the event of property damage, you can file a first-party claim for compensation. However, the insurance company may not compensate you to the extent you expect it to. Worse, it may deny the claim.
A dispute between you and the insurance company may necessitate a lawsuit so that you can get compensation that is rightfully yours. Experienced property lawyers at The Law Offices of Alex R. Hernandez Jr. can offer you a free case evaluation that will present all your options. We have a team of experienced and dedicated property lawyers that can help settle first-party insurance claims in your favor. Business property insurance against unexpected disasters covers loss of property, loss of income, and loss of business income.
Your insurance may offer you cover against “named perils” or against risks from all perils to real estate, buildings, equipment, and machinery. With a policy that covers only “named perils”, you need the legal advice of experts who can correctly apportion the damage to the right reasons. Insurance companies often try to shorten the period of indemnity; this is the time that you need to bring your business income to the levels before disaster struck. Contingent business interruption, if included in your insurance policy, allows you to recover for losses because of third parties. Insurance companies, though, may take the view that your losses have little to do with interruptions caused by third-party services.
The fine print of insurance policies is most impactful when it’s time for the insurance firms to pay. This is where an experienced property lawyer can help with a correct interpretation of the policy document and hold the insurance company responsible to the rules and conditions it has laid down. There are costs that you may incur and not be aware of the fact that you were entitled to compensation for these costs. We know about these costs, it’s our job. Insurance companies have a time frame within which they are expected to pay approved claims. If they do not and fail to supply a suitable reason, they are liable to be penalized. If you feel that your claim has been unfairly denied then you should consider getting legal advice from attorneys who have the expertise to get you what you are rightfully owed. We know the tactics that insurance companies deploy to delay, reduce from, or reject lawful claims.
921 N. Chaparral Suite 100 Corpus Christi, Texas 78401Phone: 361-792-3811