A loss to your organization’s property is never planned, but it is a reality that many are forced to face. Although the experience of a loss can be stressful and daunting, there are some things that you can do to make things go smoothly.
Here are 5 things do after a loss to your organization:
1. Make temporary repairs to prevent further damage.
Make sure to take plenty of photos to show your insurance agent before you start to clean up and make temporary fixes. Some of these temporary repairs include cleaning up broken windows and temporarily patching holes in roofs.
2. Keep any damaged property for the adjuster to review and examine.
Do not do any repairs on your own. Try and keep the incident as original as possible for the insurance agent to get the best idea of the full damaged that had occurred.
3. Report the loss to your insurance carrier as soon as possible.
Each individual company handles how claims are submitted differently. Some require that the policyholder notify the agent, while others prefer to have the policyholder report it to a claims hotline. It is important that you discuss the proper procedures for filing a claim with your insurance agent. Your insurer can also advise you on which temporary repairs to work on while they are working for you behind the scenes.
4. Make temporary arrangements.
If your facility is not usable, make temporary arrangements at another facility. Many local venues can help accommodate your needs at the last minute during a time of need. Talk to your agent or claims adjuster to see if any costs associated with these arrangements will be covered under your policy.
5. Keep receipts for all expenses incurred.
This includes any temporary repairs or immediate fixes that occurred directly after the incident.
There are a lot of moving parts right after a loss to your organization. For more information,contact Sandi Purinton with The Insurance Connection. We help our clients Live Better. Save More. That’s what we try to help you do at The Insurance Connection. Offering the benefits of an independent agency, The Insurance Connection carefully considers your individual insurance needs and finds the right coverage for the best price for you, all with a smile. Contact us today at 678-439-8757 or firstname.lastname@example.org to get free insurance quotes
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This material is for information only and is not intended to provide legal or professional advice. You are encouraged to consult with your own attorney or other expert consultants for a professional opinion specific to your situation. This information is only a general description of the available coverages and is not a contract. In an effort to keep your policy coverage affordable, the actual policy contains certain limitations and exclusions. Please refer to your insurance policy for the pertinent contract language and coverages. Some coverages and discounts are not available in all states. The Insurance Connection welcomes all applications, without regard to religion, race, color, national origin, sex, handicap or familial status.