4 Steps for Handling a Fire Claim

12/2/2020 (Permalink)

Here Are Four Steps For Handling A Claim

A fire can cause damage and destruction to your home or business, and it is imperative to take the necessary recovery steps and file a fire claim to maintain your operations. Acting quickly and staying organized helps prevent your business from experiencing any major downtime or interruptions.

1. Contact Your Insurance Provider
Contact your insurer as quickly as possible to report the fire and schedule a meeting with the adjuster. Be sure to have your policy number and the address of your business ready, and provide your contact information so your insurance company knows how to reach you.

2. Start Repair and Cleanup
Do not wait for the adjuster to arrive before beginning cleanup. If you can handle any temporary repairs and secure your property, you should do so to avoid any additional damage or loss. Calling a professional fire restoration and cleanup service is recommended to make sure the process is done properly with the right equipment.

3. Document and Record the Damage
Take photographs of any fire damage before discarding debris or damaged items, and keep records of any costs incurred to repair and restore the property for your fire claim. If the damage is severe enough to temporarily close your business, keep track of any ongoing expenses that you cannot suspend while your business is shut down. If you conduct business at a temporary location, document those expenses as well to submit them with your claim.

4. Provide Financial Statements
For any items that require replacement or repair, provide records to verify the value of the items before they were damaged. You need documents that support any lost business income due to the fire. Be prepared to show bank statements, tax returns and contracts to your insurer.
Filing a fire claim can seem like a lot of work, but staying organized and knowing how to proceed can substantially minimize financial losses. If you are prepared, you can have your business back up and running in no time.