Issue #3017
Property Insurance Claims

Property Insurance Claims: Negotiating Unfamiliar Terrain

Following disaster damage just having insurance coverage in place does not guarantee that the property insurance and business interruption claims will be fully reimbursed. The final settlement can be affected by the policyholder’s actions from the moment the damage occurs. The policyholder needs to be prepared, organized and proactive. Without prudent action, the claims process can be more unnerving than the disaster itself. Knowing and understanding the key steps will save time, trouble and money.