Property damage results in lost time, revenue, and products. Not only will you lose income from the ceased operations, but you might also face significant expenses because of damage to structure and equipment. Filing a property damage claim can help you recoup some of those losses, but there are things you need to know to ensure your claim won’t be denied.

Review Your Coverage

Even if you don’t want to reach that point when you have to use your insurance, it’s still best to have a solid plan for the worst-case scenario. Begin with checking your policy and assessing how much coverage you have. By understanding the events that are covered and the limitations that come with your policy, you can decide whether you need to get an upgrade, which makes sense as your business grows.

Collect Complete Documentation

Getting your claim approved has a lot to do with how well you can prove the disaster. Collect photos or videos of your property and the damages sustained before cleaning or making fixes. Make sure to reach out to your insurance provider right away and log what was discussed in your call. If you need to hire repairmen, don’t forget to keep receipts and document the date, service provided, company name, cost, and the name of your repairman.

Do Not Throw Away Damaged Materials

Some people get rid of damaged materials and structures in an attempt to tidy up the place, but these things can serve as evidence and help your claim. Your provider might want to see the extent of damage during the inspection, and you need to prepare them just in case.

Be Wary About What You Say

While it’s important to be truthful, make sure to be mindful of how you word things. Remember that your insurance provider might want to find loopholes to deny your claim, and you don’t want to mention anything that would justify them for doing so. For example, don’t give any ideas of what started the damage, as this could get you in trouble.

Handling your property damage claims can be quite stressful and intimidating. There’s also a chance that you might not receive the full amount you’re entitled to. Check out this link to work with a commercial property damage attorney who can help you avoid mistakes when filing your claim.