If you own commercial property, the safety of your customers and clients, as well as the protection of your property, is a high priority. As much as you prepare for the unexpected, and no matter how many scenarios are considered, it is impossible to prevent everything that could go wrong at a business facility. Accidents can lead to fire damage, and wind storms or hail storms can cause everything from minor harm to structural damage to buildings. If you are a business owner and your property has sustained damage due to an accident or natural disaster, it is vital that you seek assistance from a Houston insurance claim attorney immediately. When you are ready to file a claim with your insurance company, a lawyer from our firm can assist you through the process and help you seek the full compensation you deserve for the damages. Wyly & Cook, PLLC can offer the dedicated counsel you need and we have the experience necessary to guide you through a commercial property claim. In addition to representing clients in Texas, Attorney Brad Wyly is licensed to practice law in New York, and can assist clients with filing claims for damage caused by serious storms.
Commercial property insurance policies usually cover loss of property and loss of income due to damage to property. Commercial property may include real estate, buildings, equipment, machinery and inventory. A first-party commercial property policy may insure businesses against losses from all risks or from specifically identified losses known as "named perils." A named perils policy may be written to apply to the types of hazards present in a given type of business, such as fires, wind storms, hail damage, hurricanes or other perils.
Many businesses try to protect themselves against unanticipated losses by having both property and casualty insurance policies. When you file a claim with your own insurance company after a commercial property loss it is known as a "first-party claim." Unfortunately, even if you have paid the insurance premiums, a first-party claim can still be denied by your insurance company. Insurance companies will often try to minimize payouts on claims. They might try to deny your first-party claim, or even make a low initial offer hoping that you will want to settle your commercial property claim right away.
After your commercial property has been damaged due to an accident, natural disaster, or some other unforeseen incident, you will likely look into your insurance policy to see what is covered. As you look through your policy, however, you could end up with more questions than answers, and it is important to seek the counsel of a skilled commercial property claim lawyer. Your insurance company may be looking to pay out the least possible amount on your claim as possible or deny your claim, but we can advocate on your behalf.
Whether your commercial property was damaged in a fire, wind storm, hurricane or in another type of accident, an attorney from Wyly & Cook, PLLC can assist you with your commercial property claim. We have the best interests of our clients in mind at all times and can work tirelessly to help you get the compensation you deserve during this difficult time. We understand how insurance companies do business and we can help you if your provider has refused to pay your claim or made a low settlement offer. We believe in taking a firm approach when negotiating with insurance companies and we bring years of experience with us to the negotiating table. When your commercial property has been damaged, contact us for assistance with your claim!