What Are These Different Coverages Listed In My Insurance Policy?
A hurricane, or some other peril, has just damaged your house and it is time to make an insurance claim. Hopefully you followed the often repeated advice of emergency response officials and safely stored and secured a copy of your homeowner’s insurance policy. Accordingly, you start reading your policy and declarations page (maybe for the first time ever) to understand the coverage(s) you have and you realize the insurance company has made the policy and declarations page as difficult to read as possible.
Commercial Property Owners: Know Your Rights When Disaster Strikes
If you own commercial properties, you already understand that catastrophes such as hurricanes can have devastating consequences to your building(s). However, the loss after a major hurricane is almost never limited to the structural damage, so it is important to think about the intangibles to make sure you are getting what you are owed, and what you deserve under your policy. Commercial policies may include coverage for Business Income and Professional Fees.