Business Interruptions
Hurricane Katrina Damage Claims must be filed by August 28, 2006.Business interruption is one of the more complicated aspects of any business insurance policy. There are many interpretations of what exactly constitutes a business interruption, what the extent of the affect is on the income and viability of the business, and what the best way to resolve the situation and restore the business to profitability.
Individual insurance companies offer various policies intended to cover a number of potential situations, but the total devastation caused by Katrina and Rita affected so many businesses in and out of the Gulf Region that many insurance companies are rejecting many legitimate claims in order to protect their profits and bottom lines.
If you have any questions regarding your business interruption insurance you need to contact an insurance policy lawyer immediately. We can discuss the points of your policy with you and help you take
Business Damages
The damage caused by Katrina and Rita was both devastating and overwhelming. Many secure properties and commercial investments could not withstand the fury of 150 mile winds and pounding rain and surf caused by these storms, so as business owners returned home to rebuild their dreams and their livelihoods, they turned to their insurance companies to help them rebuild.
Unfortunately too many insurance providers are denying legitimate claims because they do not want to incur the incredible expense of rebuilding so many businesses. They believed that if they can convince their clients that their damages are not covered by their policies they would not have to pay the relief they owe. This is not only immoral and unethical; it is also quite possibly illegal.
If your insurance company will not help you repair the damage to your business you may have a right to take legal action. Let our dedicated and knowledgeable attorneys stand up to your insurance provide and get you the compensation you deserve. Contact us and begin to rebuild your life today.
Business Losses
The pounding rain and 150 mile per hour winds of hurricanes Rita and Katrina destroyed tens of thousands of businesses across the Gulf States, causing billions of dollars in damage. Now as the waters recede and business owners return to rebuild their lives, they face a future filled with uncertainty and doubt because of many insurance companies are refusing to help their policyholders in their times of need.
Most business insurance policies cover damage and business losses due to affects of wind and rain, and this damage can range from destruction of equipment to the collapse structures. Unfortunately many unscrupulous insurance providers claim that the hurricanes cause only flooding and standing water damage, two areas not generally covered by insurance. This leaves many policyholders with legitimate claims without the means to rebuild their lives or fight their providers to get the funds they deserve.
If you suffered business losses due to Katrina or Rita and your insurance company rejected your claim, you may have a right to take legal action against them. Let our dedicated and experienced attorneys cut throughthe miles of legal red tape that surround insurance litigation andget you the compensation you deserve. Contact us today.
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