What To Do When Your Theft Claim Is Denied
If you own a retail business, one of your worst fears is likely the prospect of opening the store to find that you have been the victim of theft of commercial property theft. However, most owners of commercial property are prepared for these situations and are covered by commercial property insurance theft policies that compensate for losses due to commercial theft. Unfortunately, it is all too common for insurance companies to balk at their responsibilities when a legitimate claim for theft of business property arises.
If your insurance company is underpaying or denying your commercial property theft claim after your business has been burglarized, you have the right to challenge their decision with the help of an insurance bad faith attorney. The Dallas insurance attorneys of Grisham & Kendall, PLLC, have years of experience dealing with resistant insurance companies and are prepared to help you seek suitable benefits and compensation. Contact us at (713) 999-5085 today.
Our large hotel was severely damaged by hail. After significant delays by the insurance company, our claim was denied. We hired Bill Kendall and Grisham & Kendall soon after. Through Bill’s efforts during our lawsuit, we were able to reach a favorable settlement close to trial. We would certainly recommend Grisham & Kendall, PLLC to any property owner whose insurance company isn’t treating them fairly.
D. Patel - Hotel Hail Claim
My wife and I thought we were heading into a complicated legal odyssey with a destroyed commercial property until we hired Bill Kendall. His sustained focus and hard work was so effective that we had a great settlement within hours of the first deposition.
F. Jones - Multi-Family Property Claim (Dallas, TX)Common Theft-Related Losses
When thieves strike a business, they may do so with or without knowledge of a store’s specific holdings. The contents of a retail store will vary according to the nature of the store, and so will the value of the items stolen. However, the following are common losses typically covered under commercial property insurance theft policies:
- Broken glass or doors damaged in a break-in
- Cash from registers or safes
- Store inventory
- Office computers
- Equipment essential for the carrying out of business
Losses from theft of business property can quickly add up, putting your business in a dire financial situation. Don’t let an unscrupulous insurer interfere with your success.
Does Commercial Property Insurance Cover Theft?
Many business owners wonder: does commercial property insurance cover theft? In most cases, commercial policies are designed to cover theft-related losses. However, the extent of coverage can vary based on the policy’s terms, exclusions, and limits. It’s crucial to review your policy and work with an attorney if your insurer denies coverage.
What is Commercial Theft?
It refers to theft or burglary involving business property, such as inventory, cash, or equipment. It can include break-ins, employee theft, or other unauthorized access that leads to financial losses for a business.
Contact Us
If your commercial property has been burglarized or robbed and your insurance company has denied or underpaid your commercial property theft claim, do not hesitate to take action. Contact the Dallas theft attorneys of Grisham & Kendall, PLLC, by calling (713) 999-5085.
