Storm and wind damage from Hurricane Sandy caused massive destruction in New Jersey and throughout the Eastern Seaboard. One of the most common types of damage experienced by commercial property owners was roof and exteriordamage. Roof damage must be repaired in a timely manner to prevent further destruction of interior spaces and must be repaired in a professional manner to protect the future value and integrity of the property.
Property and casualty insurance covers roof damage caused by storms, but not all insurers have paid out Hurricane Sandy roof damage claims as required. Commercial property owners involved in insurance disputes arising from roof damage should consult with a New Jersey Hurricane Sandy roof damage attorney at Doyle LLP for assistance in resolving the dispute and securing full payment for damages.
Legitimate Roof Damage Claims Must Be Paid in Full
The cost of repairing or replacing a storm-damaged roof can vary significantly depending upon the size of the building, the type of roofing material and local labor costs. Throughout the United States, the average cost of repairing a simple wood-shingled roof totals between $7,000 and $20,000 while the average replacement cost of a metal roof ranges between $5,000 and $22,000 for steel structures. New Jersey laborers earn higher-than-average wages, so total costs for roof repair/replacement on commercial structures can significantly exceed national averages.
The full cost of roof replacement should be covered by insurance policies protecting property owners from financial loss resulting from storm damage. Replacement is often necessary even for damaged roofs in order to maintain the overall integrity of the building and prevent future leaks or a decline in property value.
When roof repair is possible, the repair must be completed in compliance with all current building codes and construction standards. Even repairs can be costly, and insurance companies should provide full payment of the necessary rebuilding costs.
Insurance companies have a contractual obligation to pay claims up to policy limits so covered New Jersey policyholders receive the money necessary to repair or rebuild the roof to appropriate specifications.
Insurance Disputes Are Common
Every insurer has an obligation to pay covered claims and to process claims in a reasonable and timely manner. Insurance companies cannot engage in dishonest techniques, impose unnecessary delays on insureds or significantly undervalue the cost of repairs or replacements. Not only would an insurer refusing to pay for covered losses be considered an express breach of the insurance agreement, but it is also considered a breach of an implied contractual term referred to as the implied covenant of good faith and fair dealing.
When an insurer is unreasonable, the company’s actions are said to be a breach of the implied covenant of good faith and the company’s actions are considered bad faith. States have recognized that an insurer’s bad faith can have far-reaching consequences. Laws thus permit insured clients to recover compensation in bad faith claims not only for covered losses but also for additional losses and damage caused by the actions of the insurer. Insurers can sometimes pay significantly more than the policy limit in bad faith claims, and may be more willing to pay out to a client in cases where a bad faith cause of action seems likely.
Contact a New Jersey Hurricane Sandy Roof Damage Lawyer
At Doyle LLP, our attorneys have helped clients nationwide secure full payment for roof repair or replacement after storm damage. We work to hold insurance companies to their word and aim to ensure that clients do not suffer financial loss due to the actions of insurers.
Our attorneys have successfully litigated hundreds of bad faith claims for commercial and residential property owners.
Contact a New Jersey Hurricane Sandy roof damage lawyer at (888) 571-1001 for help with insurance claim disputes arising from Hurricane Sandy.