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Damage to a property can be an unfortunate event. Whether a natural disaster causes damage, accident, or vandalism, property owners have the right to seek compensation for repairs and restoration, whether the damage occurs to a residential or commercial property. Filing a claim for damages can be complicated, especially when your insurance company denies them. If you have been the victim of property damage, it is crucial to speak with an experienced attorney who can help you navigate the claims process and fight for the compensation you deserve. Contact Lacey Lyons Rezanka today by calling 321-608-0890. We're here to help you get the compensation you deserve.

What Types of Insurance Cover Property Damage?

There are two main types of insurance that cover property damage. Homeowners insurance covers damages to your home and personal property, while commercial property insurance covers damages to businesses and their contents.

Commercial vs. Residential Property Damage Claims

  • Commercial property damage insurance policies typically have higher coverage limits than residential policies as businesses often have more expensive property and equipment than homeowners.
  • Commercial policies may cover business interruption losses, while most residential policies do not. Business interruption coverage can be vital for companies that suffer damage to their premises, as it can help reimburse them for lost income and expenses incurred during the repairs.
  • For both, documentation will be crucial in getting the total amount of reimbursement you are entitled to. When filing a property damage claim, it is crucial to keep track of all expenses incurred as a result of the damage and any lost income if you are a business owner.

Types of Property Damage

There are many different causes of property damage, but some of the most common include:
  • Fire - One of the most destructive forces, fire can cause complete destruction of a property.
  • Water Damage - Water damage can be caused by various things, including flooding, leaks, and storms.
  • Wind Damage - High winds can cause damage to roofs, windows, and siding.
  • Hail Damage - Hail is one of the leading causes of property damage claims. It can cause extensive damage to roofs, windows, and siding.
  • Theft or Vandalism - Break-ins and vandalism can cause significant damage to both external and internal areas of the property.
  • Collision Damage - Car accidents and other unforeseen collisions may happen at any time and cause significant damage to property.
After a disaster strikes, homeowners and business owners want to get their lives back to normal as quickly as possible. Filing an insurance claim is often a critical step in this process, but it can also be complex and time-consuming. A clear understanding of the claims process and what documentation will be needed can help make it go more smoothly.

How Long Does a Property Damage Claim Take?

The time it takes to settle a property damage claim depends on the insurance company and the complexity of the claim. Some claims can be settled within a few weeks, while others may take months or even years to resolve. There is no one answer to how long it will take to settle a property damage claim as each case is unique. However, it is vital to turn to the right resources to ensure that all repairs are made and that you are fairly compensated for your losses.

Hire an Attorney

Each case is different, so it's essential to have an attorney on your side who knows how to navigate the process for best possible outcome. An attorney can give you the best chance at a fair settlement and compensation for your property damage claim.

Get Compensated for Your Claim

If you have been the victim of property damage, it is essential to consult with a qualified attorney. Our legal team has years of legal practice in property claims and disputes. We can review your case and help determine the steps you need to take to receive the best outcome. Contact Lacey Lyons Rezanka today by calling 321-608-0890. We're here to help you get the compensation you deserve.

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