Public Adjusters and Doyle LLP Trial Lawyers
Commercial properties are often valuable assets with comprehensive insurance policies in case something goes wrong. Unfortunately, insurance companies cannot always be trusted to be fair and many commercial property owners turn to public adjusters.
Public adjusters provide an invaluable service helping commercial property owners interpret their insurance policies; assess the damage and repair cost; and negotiate with the insurer. Sometimes, however, public adjusters will need some legal backup. At Doyle LLP Trial Lawyers, our experienced property damage insurance attorneys are here to help.
Public Adjusters’ Commercial Insurance Bad Faith Cases
Public adjusters are experts in commercial and residential insurance policies that take on the task of navigating through a complex insurance bureaucracy that is set up to pay out as little as possible.
Commercial property owners can benefit from the help of a public adjuster after their property is damaged, including:
- Retail property
- Office buildings
- Industrial property
- Hotels and motels
- Special purpose
The role of the public adjuster is to provide assistance when property is damaged. For example, after a fire, flood, hail storm or other natural disaster, the public adjuster will interpret the policy of the property owner to determine what damage is covered. The commercial public adjuster then tries to ensure that the insurance company pays the full value of the claim.
Unfortunately, even when dealing with public adjusters, insurance companies don’t always honor their financial obligations. Insurance companies may fail to pay claims in a timely fashion, may make unreasonable offers and may deny a claim without legitimate reason to do so. This is called insurance bad faith and when this occurs, an experienced attorney can help a public adjuster.
What is Commercial Insurance Bad Faith?
Every contract of insurance has an implied covenant of good faith and fair dealing. This means that the insurer and the insured (all parties to the contract) have an understanding that they will fulfill the terms of the contract. The insured will pay premiums and the insurance company will pay a claim.
Unfortunately, a commercial property owner sometimes pays premiums for years and the insurance company then fails to pay out or won’t pay a reasonable amount. The commercial property owner can suffer significant financial loss, even exceeding the value of the claim. For example, a denial of a claim can result in delays fixing the property and lost business.
An insurer needs to be held responsible for failure to negotiate in good faith with the public adjuster. Our attorneys can file a bad faith claim with the courts to force the insurance company to answer for their bad faith tactics.
How Our Commercial Insurance Bad Faith Attorneys Work with Public Adjusters
Our law firm has extensive experience working hand-in-hand with public adjusters to hold insurance companies accountable. The firm’s commercial insurance bad faith attorneys are uniquely qualified to coordinate our efforts with public adjusters because we work with them every day. In fact, attorneys Mike Doyle is associate attorney members of the Texas Association of Public Insurance Adjusters (TAPIA) and the National Association of Public Insurance Adjusters (NAPIA).
Together, our attorneys and public adjusters will be a strong team, standing together against an insurance company to achieve an optimal outcome for a commercial property owner. If you are a public adjuster, contact us today to learn how we can help.