Whether you own or manage an apartment community, condominium complex or other rental property, you expect your insurance carrier to ensure you are financially protected in the event of a disaster such as a hurricane. A disaster can strike at any time and when it does, you need to make sure your investment is protected. Unfortunately, some insurance companies will fail to promptly pay the benefits owed under the policy, leaving property owners in a financially distressed position.
If you own or manage an apartment community, condominium complex or other rental property, you and your tenants deserve to receive prompt and full compensation in the event of a disaster or other loss covered by your policy. If your insurance company is delaying, denying or disputing your claim, please contact Grisham & Kendall to schedule a complimentary consultation with an experienced, qualified insurance claim dispute attorney.
Whether you own an apartment community or other rental property, you require property insurance in the event the worst should occur. Policies typically cover damages arising from a hurricane including wind damage and generally all resulting damage to the property.
Condominium policies issued to condominium associations typically provide coverage for damage to the exterior of the complex as well as common areas.
Some insurance policies also provide coverage for collectively owned areas of the condominium complex like the hallways, building exterior, and amenities like the pool, spa, or workout facility. Sadly, having a policy does you little good if your insurance company fails to provide you with compensation for legitimate claims.
There are numerous reasons that an apartment or multi-family property owner may file a claim, including damages stemming from:
An experienced insurance lawyer will be able to help you understand the more obscure terms of your policy and fight for proper compensation should your claim be wrongfully denied.
Insurance for condominiums differ in some ways from regular home insurance. While condo owners are responsible for insuring their own personal property within the building, they are not solely responsible for other areas of the building that are shared with other residents. Typically, each member of the building will contribute to a condo association, which purchases insurance for the common areas. If your personal space in the building is damaged or the common areas are damaged, the insurance companies should respond in good faith and supply you with the necessary financial assistance to make repairs according to the terms of the policy.
If you own a condo that was damaged due to weather or other circumstances and your insurance company is failing to uphold your policy, you may need an experienced Dallas condo insurance claims attorney from Grisham & Kendall, PLLC, to help you hold your insurance company accountable. To speak with an attorney today, contact us at (713) 999-5085.
In addition to making sure the insurance company timely and fully pays the underlying property damages, apartments and large multi-family property insureds also must address the ongoing loss of rental income if the damages necessitated that tenants move or relocate. Many such commercial insurance policies provide coverage for loss of rent or business interruption for the period of restoration (i.e., how long it takes to reasonably repair the covered damages).
The multi-family and apartment insurance claim attorneys at Grisham & Kendall, PLLC, are experienced in dealing with commercial property insurance companies and their adjusters and experts. Whether your commercial property loss claim needs a certified hygienist to assess the extent of water damage, a water damage restoration expert to properly address and remediate water and/or fire damage, a fire causation professional to assist in determining the cause of a fire, or a qualified certified professional accountant experienced in dealing with large apartment loss business income claims, the attorneys at Grisham & Kendall, PLLC, can help you make sure you get the coverage your entitled to under your insurance policy.
The attorneys at Grisham & Kendall, PLLC have represented hundreds of residential and commercial property owners whose claims have been wrongly denied or underpaid. If you find yourself in a dispute with your insurance company, then then please contact us to discuss how we may be of assistance. The attorneys at Grisham & Kendall, PLLC can help you recover what you are owed under your insurance policy. Please call Grisham & Kendall, PLLC at (713) 999-5085 or contact us online today.