KCAL Insurance Agency
Phone: (800) 681-8288 E-mail: info@kcal.net
Top Seven Mistakes Business Owners Make Filing Insurance Claims
Here are the top seven mistakes business owners make in filing insurance claims:
1. Not contacting your insurer immediately. Many people make the mistake of cleaning up damage before an insurance representative visits the business. In a disaster situation, many insurers have a quick-response team that will come out to survey the situation. 2. Not documenting the damage. If repairs must begin immediately to prevent additional damage, or equipment must be moved to a new location, be sure to photograph the original scene to document. 3. Not keeping damaged goods. The damaged materials are all evidence of the impact of the disaster on your business. 4. Not appealing your insurer's lowball estimate. If you think the damage estimate after surveying your business is too low, you can appeal and hire your own adjuster to do a second estimate. 5. Not reading your policy. In earthquake-prone states, flooding, earthquakes and all other possible calamities often must be obtained on a separate policy or rider, and flood insurance is only offered through the National Flood Insurance Program. 6. Counting on FEMA for quick help. If your business is in a federally declared disaster area, federal aid will be available. But for a business owner, your private insurance will be your best chance at receiving money fast enough to reopen before all your customers drift away. 7. Not preparing ahead of time. Start with reviewing your policy to make sure you have adequate coverage.
1. Not contacting your insurer immediately. Many people make the mistake of cleaning up damage before an insurance representative visits the business. In a disaster situation, many insurers have a quick-response team that will come out to survey the situation. 2. Not documenting the damage. If repairs must begin immediately to prevent additional damage, or equipment must be moved to a new location, be sure to photograph the original scene to document. 3. Not keeping damaged goods. The damaged materials are all evidence of the impact of the disaster on your business. 4. Not appealing your insurer's lowball estimate. If you think the damage estimate after surveying your business is too low, you can appeal and hire your own adjuster to do a second estimate. 5. Not reading your policy. In earthquake-prone states, flooding, earthquakes and all other possible calamities often must be obtained on a separate policy or rider, and flood insurance is only offered through the National Flood Insurance Program. 6. Counting on FEMA for quick help. If your business is in a federally declared disaster area, federal aid will be available. But for a business owner, your private insurance will be your best chance at receiving money fast enough to reopen before all your customers drift away. 7. Not preparing ahead of time. Start with reviewing your policy to make sure you have adequate coverage.
Source:Entrepreneur.com