Act Fast: The Key To Lowering Your Business Interruption Claim
Flooding in your office building in West Warwick, MA, can put a damper on how well you are able to operate. Business interruption service can help, but it's easier to get a claim accepted if you keep the total losses as low as possible. Here are a few key ways to lower your claim and get your business back to being fully operational.
The sooner you can start fixing the problems caused by a broken pipe, the less expensive the process is likely to be overall. As soon as you know you have a leak, call water remediation experts who can:
- Assess the problem
- Detail a plan to fix it
- Produce an estimate of the total cost
A quick assessment and estimate can help your insurance adjuster evaluate your flooding claim so that you can get started on remediation. As water damage tends to spread when it is left untended, fast remediation can actually lower the amount of damage ultimately caused by the leak.
Business interruption insurance can take a few days to kick in after you call. Just as large water damage occurs with an unresolved leak, big financial problems happen the longer you deny you need help. It may seem like good sense to wait to report the hit your operations have taken until you are certain you need to make a claim, but this is often not the case. If you delay in making your claim, you may be floundering on your own for a while and get yourself in deeper financial straits than if you had called your insurance company from the start. Overall, this can be more expensive and result in a larger claim, not a smaller one.
If your building experiences flooding, it is likely you will need business interruption insurance to compensate for your losses while you are unable to operate at full capacity. You can lower the amount of your claim by reporting the problem quickly to your insurance company and remediation experts.