Melbourne Commercial Loss Public Adjuster

Commercial loss claims often involve high damages, and their outcomes could determine the trajectory of the business itself. Thankfully, when filing for benefits after a commercial loss, you will inevitably encounter some of the most experienced claims adjusters.

These individuals are highly trained and skilled at looking for ways to reduce benefits — or deny coverage areas altogether. Moreover, they will try to handle the claim expediently so as to reduce the risk that the claimant will get impatient and start calculating the full, true value of their losses.

By offering a low initial settlement offer up-front, their hope is that you will cut your losses and sign on the dotted line.

Pinnacle Claims Services can work with you during your claim to make sure you aren’t agreeing to a settlement for far less than the actual cost of your losses. We will also help you review and understand your policy, enabling you to know what should be covered and how to most accurately value your own damages.

An insurance company adjuster and any “independent” claims adjuster both ultimately work to serve the carrier. Put your own experienced industry professional at your side by hiring a public adjuster — the only type of adjuster who works directly for you.
Find out more about how a commercial loss public adjuster can help you seek more for your claim when you call 954-466-2954 or contact us online.

Melbourne Commercial Loss Public Adjuster Services

Commercial policies tend to be much more customized to fit the expected types of losses as well as the general contours of the business’s operations. Coverage applying to spoiled inventory, for example, may name specific types of events that could have caused the spoilage, and it may exclude certain items not considered to be intrinsic to the operations of the business.

In other words, the language of insurance policy documents for commercial coverage can get complicated quickly. It may contain unique endorsements, riders, and coverage areas in order to best balance the risk profile of the business with that of their insurance carrier. 

Policies that have lots of custom language and set parameters, often called “manuscript policies,” can be the subject of intense investigation and debate on both sides of a claim.

After a loss event, insurers will scramble to understand the scope of damages and where their provided coverage does and doesn’t apply. Claimants can benefit from having their own experienced representative fully investigate losses, document damages, interpret policy language, and advocate throughout the claims process.

Pinnacle Claims Services aims to help our clients get as much as they can from the insurance policies they pay good money to maintain. When you secure the help of our commercial loss public adjuster services, we work hard on your behalf to:

• Review your commercial business loss policies from a professional’s perspective. Our aim is to fully understand the coverage you have purchased, the perils it is supposed to indemnify you against, the types of losses you could be eligible to claim, and how the total value of your settlement should be calculated.
• Investigate and evaluate damages. From property damage wrought by natural disasters to theft and vandalism committed during a break-in, a business loss public adjuster will determine the accurate value of repairs, replacement, or revenue loss and compare it to the language of your policy. We aggressively pursue fair market valuation for materials, repair labor, inventory, equipment, and other covered losses.
• Thoroughly review and help complete your claim. Whether you already have a claim prepared for submission or haven’t even written a single thing down yet, Pinnacle Claims Services is ready to help you prepare your claim for completion and with all the right documentation. We’ll help you avoid easy-to-overlook issues, too, that can impact the value of your claim.
• Accurately calculating deductibles and co-insurance. One thing insurers love is to tell you how much you owe them as part of your claim. Deductibles and co-insurance schemes quickly eat away at the value of benefits you are eligible to receive, and insurers aren’t above making mistakes when calculating the exact amount you’ll owe. We’ll review your policy along with relevant state and municipal laws to ensure you aren’t being asked to cover more than you initially bargained for.
• Negotiating with your insurer. We can help represent you during your claim and handle many communications with your insurer. Thanks to our experience, we are often able to convince them to pay more than they would have otherwise when facing a claimant working on their own.
• Documenting damages and legal justification for a claim. If your claim ends up being appealed, disputed, or the subject of a lawsuit, our public adjusters are available to serve as expert witnesses. We can help you document your damages, explain policy language, and describe what standard industry practices might apply to a situation like yours.

Common Types of Commercial Losses

Insurance designed to protect business owners against commercial losses can fall under many different categories. These include:

• Burglary and theft
• Vandalism and other property crime
• Fire and smoke damage
• Lightning, wind, and hail
• Flooding
• Windows and roof damage
• Plumbing, leaks, water, and mold damage
• Structural and foundational property damage
• Revenue loss from business interruption
• Additional expenses incurred from a loss event

Burglary and Theft

According to a study by insurance company The Hartford, burglaries, thefts (including employee theft), and other crime related to damaged, missing, or stolen valuables make up the highest proportion of commercial loss claims. 

The good news is that these claims tend to be lower in value than claims involving property damage or loss of inventory related to a disaster event. Nevertheless, these claims can involve significant operational losses if not handled properly.

Even more concerning, insurers can be quick to deny coverage or raise premiums when the business owner allegedly did not take sufficient measures to secure the property or the valuables contained therein. However, Pinnacle Claims Services helps you understand your burglary and theft claim, document the exact causes of your loss, and avoid common reasons for denial or raised premiums in the wake of a devastating robbery.

Property Damage Claims for Commercial Properties

Property damage claims can be tough to accurately value, and insurers are apt to separate as much of the damage as they can into the “uncovered” category. 

Especially after a hurricane or other disaster has occurred, your business will be one of many scrambling to repair damages and resume normal operations. Pinnacle Claims Services fights on your behalf to help you protect your property from further damage, get accurate repair estimates, and interpret dense or vague policy language to help you understand what should actually be covered.

Business Interruption and Extra Expenses Coverage

There is often a wide variance in the amount of benefits paid out to businesses for loss of revenue and other incidental costs after a forced closure — even when these businesses were affected by the same event.

A public adjuster assists you with digging into your financials to accurately understand and account for the differences in revenue you are experiencing. We can also provide guidance on what additional expenses are claimable when weathering an extended closure or trying to re-open, including which ones qualify as direct vs indirect losses and what policy applies to each.

We Serve All Melbourne Businesses

Pinnacle Claims Services is proud of what business owners and entrepreneurs have been able to accomplish in the fine city of Melbourne. We strive to protect these commercial operations from unexpected losses by helping them fully understand the true value of their claim.

Some examples of businesses we commonly serve in Melbourne include:

• Shopping and retail
• Condominium associations
• Restaurants
• Hotels and motels
• Grocery stores
• Banks
• Churches, synagogues, temples
• Retirement communities
• Industrial parks
• Hospitals and doctors’ offices
• Other professional practice offices
• Multi-family properties
• Educational institutions
• Campus housing, dorms, and administration buildings
• Apartment complexes
• Production plants/manufacturing
• Office buildings and office parks
• Warehouses and distribution facilities
• Correctional facilities
• Defense contractors
• State and municipal entities
• Recycling plants and scrap facilities

Avoid Overpaying for Deductibles and Co-Insurance

Co-insurance amounts are often based upon coverage amounts related to a partial loss. Even the adjusters who work for insurance companies can sometimes have difficulty interpreting the formulas companies use to determine the actual amount of coverage available.

Common mistakes and misunderstandings include how much partial coverage was available for the specific peril that caused the loss, and whether to add in certain costs that have already been paid for out-of-pocket by the policyholder.

Further, some deductibles can include the amount not covered by the policy, meaning that larger loss events can quickly consume the deductible and provide the claimant with near-full coverage depending on the full value of damages, not just the percentage that was supposed to be covered. Often, the difference between what was initially quoted and the disputed number can be quite significant, leading to a dramatic increase in the total settlement number after the discrepancy has been pointed out.

Work With an Experienced Melbourne Business Loss Public Adjuster to Protect Your Interests

The adjusters who work for insurance companies are seasoned professionals with a lot riding on their shoulders. They want to help insurance companies save money, and they will use any strategy available to accomplish that goal.

Public adjusters are the only professional adjusters you can have to work equally hard just for you. Their word carries weight when insurers are trying to resolve claims, and their knowledge can often make the difference in what is covered and by how much.

Get the knowledge and representation you can use to help your business get back on its feet more quickly and with fewer losses. Reach out to our Melbourne public adjusters today to discuss your commercial loss claim and find out what you can do to reduce your risk of paying for losses out of pocket.
Schedule a consultation, damages inspection, policy review, and claims review with a team of trusted public adjusters in Melbourne today when you call 954-466-2954 or contact us online.