Hotel / Resort Insurance Claims
As Florida hotel/resort insurance claims attorneys we understand the scope these cases may have. These claims can involve tremendous momentary amounts and can be quite complex. For this reason it is very important to hire an attorney to guide you through the process. There may be various parts to a hotel insurance claim, such as property damage, business interruption, and contents. Hotel insurance claims can be the result from fire, water damage, sink holes, hurricanes or windstorms, theft, among other causes.
In any sort of loss it is important to mitigate the loss if possible. This means doing what is within your power to stop the loss from getting worse. However, make sure that any repairs (even if only to mitigate) are up to standards. Damage caused by faulty repairs may not be covered by your property damage hotel insurance policy. Again, if you have any doubts call a South Florida hotel insurance claim lawyer. Make sure to keep a copy of your hotel insurance policy handy. Also, when buying such a policy make sure to have a deep understanding of it. It is important to understand what is covered and what is excluded. If you do not understand your policy, a Miami resort insurance attorney will be happy to review the policy with you.
As always, it is important to document the loss and report it to your insurance company. Most policies require that the loss be reported soon after it is discovered. When it comes to hotel insurance claims there may also be issues pertaining franchises. There may be agreements that require the franchisee to bring hotel or resort to current standards. The insurer may argue that such standards are not covered by the policy and that they are only obligated to pay for the actual loss.
It is very important to be able to show what the financial impact of the loss will be on the hotel or resort. This is crucial for a business interruption claim. This should not be too difficult, if detailed financial records are maintained. It is not too wise to hire public adjusters when it comes to claims of this scope. A public adjuster may be able to present a claim, but will be stymied if the insurer is predisposed to litigation. At that point a hotel owner will have to pay an adjuster’s and attorney’s fee. Fortunately, an attorney can manage a claim from its inception and through all phases of litigation. Insurance companies have many methods by which they can try to limit a claim and it is important to consult with a Fort Lauderdale hotel insurance claims attorney. Insurance companies may try to delay payment, outright deny the claim, undervalue your claim, and treat you unfairly among other tactics. Please note that it is imperative to keep records of any work done on your property and also to make note of anything that is related to business interruption.
Miami-Dade county Hotel/Resort lawyers are here to assist you with your claim. We are available 24/7 and can be reached at 1.888.413.8353.