Don't make mistakes with your business insurance claims.
As a business owner, you will have to file a commercial insurance claim at some point in your lifetime. This is why it's important that you know what and what not to do. If you want to access your commercial insurance in Los Angeles, California
, as soon as possible, then here are some mistakes that you should be careful to avoid
Following a damage or liability event, it's important to call your insurance provider as soon as possible. This way, they can send a claims adjuster out and assess the full extent of the damage. If you wait to call until after you clean up, then you may actually be concealing how bad the situation is. This prevents the adjuster from making an accurate assessment and could prevent you from getting enough money to cover the full cost of your damage. So, rather than taking this risk, make sure the first thing you do after a claim event is call your insurer.
Sometimes, you cannot wait on cleanup and repairs. If this is the case, then it's important that you thoroughly document your business's damage. By taking high-quality pictures and video clips of the damage, you can provide your insurer with an accurate depiction of the incident. This, in turn, will improve your chances of securing all the coverage you need to address your repairs.
- Immediately Accepting Low Estimates
Sometimes after assessing the damage, an insurance adjuster will come back with a coverage estimate that is too low to pay for all your repairs. Rather than getting lowballed, you should hire your own adjuster to give an estimate. If your adjuster recommends a higher coverage amount, then you may have to hire a third-party mediator to negotiate the final amount. By challenging low estimates, you can improve your chances of securing all the insurance coverage that you need.
These are some of the mistakes that you need to avoid when filing a business insurance claim. Do you have more questions about your commercial insurance in Los Angeles, California
? If so, then contact the experts at Fuller Insurance Agency in Southern California. We are ready to assist you with all your commercial coverage needs today.