How To Lower Your Claim on Business Interruption
There are Several Ways to Reduce Your Claim
If your business in Chesterfield, MO experiences major flooding, your business may need to temporarily close its doors while the restoration and cleanup process occurs. Though insurance will cover some of the costs, it can be best to have a lower business interruption claim. There are several ways you can reduce your claim.
1. Choose the Best Policy and Make Your Claim Quickly
It’s often helpful to understand what your insurance policy will cover prior to a disaster. Often, business owners can choose from a variety of business interruption policies. Once large water damage has occurred, it’s generally best to make a claim quickly so the cleanup and restoration process can begin. Additionally, reviewing your insurance policy and changing the policy if your space changes can also help to ensure you are prepared to act in the event of a flood.
2. Mitigate the Damage
One of the best ways to reduce your claim is to lessen the amount of damage that occurs in your business. After flooding occurs, it can help to remove items from your business to prevent them from becoming damaged. Though some items may need to be sanitized, it’s generally best to clean what you can quickly. Additionally, make sure your building is as dry as possible can help to prevent mold growth.
3. Begin Restoration Quickly
Once you have filed your claim and have mitigated the damage that has occurred, it’s generally best to start the process of restoring your business. Professionals can often give you an estimate of the time and cost of a complete restoration, and it can be helpful to request receipts for the work so you can provide this information to your insurance company. The sooner your business is restored, the lower your claim will be.
Flooding, be it from a broken pipe or a natural disaster, can cause major issues in your business, but being able to make fixes and reopen your business quickly will help lower your business interruption claim. It can be helpful to contact water restoration professionals if your business has been affected by water damage.