Commercial Insurance Claims for Flood Damage

A flood can carry more than water damage to your commercial property. Along with property damage, contaminated water can compromise the health of your employees and the effects of a flood can interrupt your business indefinitely if not handled immediately and properly. We can assist you with your flood policy. We navigate your policy, fully evaluate your loss, and prepare a claim to get you the optimum amount to recover.
As the National Weather Service confirms, flooding is a nationwide threat applicable and responsible for $3.5 billion per year in total flood insurance claims. Is your business prepared?

Flooding is unique from other perils because it is not typically covered in your commercial property insurance policy. This means you may have to obtain special coverage with your insurer or work with policies made available through the National Flood Insurance Program, which has its own set of rules. Also, water damage from a flood is an expansive topic that deserves thorough assessment to determine the immediate and the potential property damage, so your business will not suffer any further.

Post-disaster, this could leave you vulnerable to complex policy conditions and oversights that can stall the recovery process, and result in an inadequate flood claim. Running a business and managing a claim can be two full-time jobs. Our public adjusters lift the burden by handling your flood insurance claim. We work on your behalf with all other parties involved. We provide you with the expertise to prepare and support a detailed claim in order to attain the optimum settlement for you.

What To Focus On After Flood Damage

Make sure you fully understand the meaning of each of the following before you move forward. Feel free to reach out to us for a no-cost discussion about your claim.
  • What is my agent/broker’s role?
  • The insurance company hired a construction estimator. What do I need to know?
  • Wind Damage vs. Storm Surge vs. Flood. What is covered?
  • Why is a claim strategy so important?
  • Am I impacted by coinsurance?
  • Is a moisture survey necessary?

Property Damage
Time Element
Life & Safety Issues
Mitigation of Damages
Establish A Preliminary Recovery Plan
Evaluation of Coverages
Valuation Of Damages, Claim Preparation, and Documentation
Negotiations & Settlement
Restoration Of Property & Operations

How Our Team Helps You

  • Evaluate Fully reviewing your insurance coverage.
  • Strategy Developing a claim management strategy.
  • Compliance Determining policy compliance issues.
  • Valuations Completing detailed valuations of building, equipment and inventory losses.
  • Interruption Formulating business interruption models.
  • Itemization Presenting and supporting an itemized claim package to your insurer.
  • Negotiation Negotiating on your behalf with your insurance company.
  • Communication Keeping you informed every step of the way.
  • Settlement Ultimately settling the claim for the maximum amount and with less hassle for you.

Had you been handling and guiding the preparation and presentation of all our damage estimates from the beginning, our recovery could have been far greater. I speak from experience when I say that estimates given "off the cuff" and without consideration of all the insurance policy's provisions can come back to haunt you.
Lanny L. Uden, P.E.
Director of Civil Engineering - Board Of Public Utilities, Kansas City, KS
Testimonial

Related Resources

  • Video
    02.07.2017

    How FEMA and an Insurance Policy Work Together

    John Marini, President and CEO at Adjusters International discusses how FEMA and an insurance policy work together
  • Publication
    Issue # 3033

    Flood

    Each year floodwaters will rise and numerous properties will be destroyed. Flooding can occur just about anywhere, and other than fire, it is the most common widespread disaster. ...
  • Podcast
    11.30.2015

    Flood Insurance

    Assisting policyholders in understanding which types of damages will be covered by normal flood insurance, NFIP and FEMA

Contact Us

If you're suffering from a commercial property claim, we can help!
Call us at 800.445.1554 or fill out the form below:
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