Hurricane Sandy hit the East Coast and was one of the costliest hurricanes in U.S. history. New Jersey was among the hardest-hit states and many commercial properties suffered extensive damage as a result of the storm.
When a commercial property is impacted by a hurricane, the losses can be catastrophic. Not only do commercial property owners have to cope with damage to the building or structure itself, but equipment inside may be destroyed causing an interruption to business operations.
For commercial property owners waiting for their claim to be honored, it is advantageous to seek legal assistance to combat your insurer’s bad faith tactics. A New Jersey Hurricane Sandy commercial property damage lawyer at Doyle can pursue bad faith claims in court and ensure the policyholder receives the money needed to repair their property.
Post-Sandy Commercial Property Damage Claims Disputes
Commercial property owners have insurance coverage to ensure that a storm like Hurricane Sandy doesn’t destroy the financial stability of the business venture or cause the property investment to be a total loss.
Ideally, insurance companies would be understanding of the devastation caused by a storm and would pay out claims in a timely and fair manner after a natural disaster. Unfortunately, this is often not the way things work in the insurance industry, and New Jersey Hurricane Sandy commercial property insurance disputes remain unsettled to this day. These disputes are often focused on:
- Whether repair or replacement of the commercial property is appropriate
- The cost of commercial property repairs
- The loss of value of the investment or the loss of business income caused by the commercial property damage
- The estimated value of business equipment or other insured items destroyed by the storm
- The replacement cost of the commercial property if the building was damaged beyond repair
Insurance companies will often try to pay out as little as possible, significantly underestimating the extent of losses. Other times insurers will delay or deny legitimate claims with the hope policyholders will eventually give up their fight. Insurance policyholders do have legal recourse, however. Commercial property owners can protect their investments by contacting a New Jersey Hurricane Sandy commercial property damage lawyer.
What You Can Expect from Doyle LLP
You pay for insurance to be protected in the event of a disaster, and a New Jersey Hurricane Sandy commercial property damage lawyer will fight to ensure insurance works the way it should. When the insurer acts in bad faith, it pays to have an advocate on your side.
At Doyle LLP, our experienced property damage attorneys have helped clients throughout the United States whose commercial properties were damaged by violent storms. Our law firm is one of the few in the country that has successfully pursued bad faith claims against insurance companies, and we are uniquely prepared to fight on your behalf to recover the money you deserve.
To learn more about the legal assistance we can provide in your case, give us a call at(888) 571-1001or complete our contact form today.