Your business equipment is essential to your success, and downtime due to damage can be costly and may directly affect productivity, safety, and customer satisfaction. While equipment gets damaged all the time, either from theft, vandalism, fire, water, or storms, that is why you have insurance to cover it. Contact Kirk Law Firm, PLLC to learn what to do if your business equipment damage claim is denied.
Step 1: Compare the Denial Letter with Your Policy
When your business equipment damage claim is denied, it is important to ask your adjuster to send you a detailed written explanation for the denial. Once you receive this document, compare the reasons for your denial with your policy provisions to further understand your limits and exclusions. Pay close attention to your specific policy language, and if you need assistance deciphering it, schedule a free consultation with one of our skilled insurance claim attorneys.
Step 2: Organize Your Evidence
Once you understand your policy and the basis for your denial, you can make the determination to move forward with an appeal. However, before you take this crucial step following a denial, you must gather evidence that supports your business equipment damage claim. Collect as much documentation as you can, including:
- Before and after photographs and videos
- Receipts
- Repair estimates from licensed contractors
- Maintenance records to counter your insurance provider’s negligence claims
- Detailed notes of your communications with adjusters
If you have questions about what evidence could be used to prove your claim, reach out to Kirk Law Firm, PLLC.
Step 3: File a Formal Appeal
Now that you have your evidence handy, move forward with a formal appeal. Most insurance companies have a specific process for this step, but in general, you must address each reason for the denial separately and explain why you disagree with the initial decision. Remember to cite policy language that corresponds with your dispute and attach your supporting documents. Send your appeal via certified mail with a return receipt promptly, as you want to ensure you meet all deadlines.
While it is possible to complete this step on your own, doing so could risk a further denial of your property damage claim. To ensure your appeal is filed correctly, schedule a consultation with one of our business claim lawyers.
Reach Out if You Don’t Know What to Do When Your Business Equipment Damage Claim Is Denied
To learn more about what to do if your business equipment damage claim is denied, reach out to Kirk Law Firm, PLLC. Our team understands the tactics insurance companies use to get out of paying your claim. Let us fight for your rights after a denial. Schedule a free consultation today to start the process early and increase your chances of securing the best possible claim outcome.
