Texas Multi-Family Property Insurance Claims Attorneys
Texas Litigation Firm Representing Clients Across the U.S.
Condominium Insurance and Insurance Bad Faith Claims
Was your property damaged by the recent winter storm? If so, it is advisable to review your policy and claim with an experienced attorney. Your insurance policy contains specific requirements and duties you must follow after sustaining a loss. Failure to comply with these requirements and duties may jeopardize prompt and full payment of your claim.
Free Policy and Claim Review
The attorneys at Grisham & Kendall, PLLC have represented homeowners and commercial property owners for more than 20 years. We offer a free review of your policy and claim and are happy to discuss the issues that may apply to your individual claim relating to damages from frozen/burst pipes and sprinkler systems from this year’s Winter Storm. If you would like our attorneys to review your insurance policy at no cost and with no obligation, please call Grisham & Kendall, PLLC at (214) 308-2027 to schedule a call or contact us using the form.
Multi-Family Property Insurance Claims FAQ
What is multifamily insurance?
Insurance companies classify any building that will house more than one family as a multifamily property; this could include duplexes, twin homes, apartments buildings, and more. Multifamily insurance is the insurance that covers these types of properties.
How much is insurance for multifamily?
While the cost of multifamily property insurance will vary greatly depending on the property itself (size, age, location, number of units, etc.) and insurer, you could estimate that it will cost anywhere from $1,000 to $3,000 for every one million dollars’ worth of coverage.
Apartment Complex Insurance Attorneys in Dallas & Houston, Texas
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.
Dallas & Houston Condo Insurance Claims Lawyers
Whether you are insuring your own residential property, a business, or another real estate property you own, you need quality insurance to make sure you are financially protected in the event of a natural disaster or other source of damage. Disaster can strike at any time and when it does, you need to make sure you are covered financially. Unfortunately, some insurance companies will fail to provide compensation for valid insurance claims, leaving property owners in distressing financial situations.
If you own a condominium and have property insurance, you deserve to receive financial compensation in the event of a disaster that is covered under your policy. If your insurance company is dragging its feet, undercutting you, or refusing to pay on your claim, contact the Dallas & Houston condo insurance claims lawyers of Grisham & Kendall, PLLC today at (214) 308-2027 and schedule an initial consultation with a qualified legal representative.
Possible Apartment Disasters
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.
Possible Condo Disasters
Whether you own an individual condo unit or the entire complex, you need property insurance in the event that the worst should occur. Condo insurance policies typically cover you against the following:
- Any water damage from broken pipes
- Fire or storm damage
Some insurance policies also provide coverage for collectively owned areas of the condo 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.
Common Types of Property Insurance Claim Disputes
Condominium Insurance and Bad Faith
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 (214) 308-2027.
Making an Apartment, Condo or Multi-Family Insurance Claim
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.
Contact Us – Multi-family Property Insurance Claims Attorneys In Dallas & Houston
Fortunately, you can fight back if your insurance company is acting in bad faith. If you have been making your monthly premium payments and you have not received the financial assistance you deserve for a claim, contact the Dallas condo insurance claims attorneys of Grisham & Kendall, PLLC, at (214) 308-2027 today.
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 (214) 308-2027 today.