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Your commercial property damage insurance claim with proper representation

Southern California commercial and residential property damage claims recovery law firm

Commercial

Property Damage

By far the most complicated insurance claims are commercial.

 

This is due to separate insurance coverage for commercial property owners and their tenants. Reconciling the responsibilities of insurance, owner and tenant is not an easy task. Often, crippling undue delays by owner and tenant’s insurance carriers in clarifying the division of entitlement of all parties result in prolonged wasted time in your property’s recovery and bankruptcies of small business that rent from you.


Please be advised that limited coverages that are not paid on a timely manner could easily be exhausted if deadlines are not met, and insurance is allowed to move on a slow pace that ensures their maximized benefits.

 

 

WARNING!

 

To illustrate the complications with such claims please give your full attention to the read the followings:  In time of disaster and crisis, your primary duty specified by Federal & State laws in addition to your insurance policy and your mortgagor demand that you MITIGATE your damages.

What does Mitigating your damages mean?

 

“As soon as any disaster such as fire, water, earthquakes, appliance breakdown and alike strikes, you have a legal duty to take reasonable efforts to stop or minimize the effects.”

 

This is a simple sentence of advisement about your duty, but in reality, specially in commercial properties, taking  action without sufficient knowledge will have negative epic consequences for recovery and getting your life back.

 

The advisement is loaded with things that could go wrong!  Here is a clear example from one of my cases to help and facilitate your understanding.


Water started leaking throughout fifth and sixth floor of a commercial building. A tenant of the affected floor was a surgeon.

 

The doctor per lease agreement had made necessary structural modification to accommodate his business. The building owner following the simplicity of the mitigation rule hired a restoration company to remove wet walls, cover all the holes created post wall removal, set up devices to dry the wet area and so forth. His policy tailored for a building owner demanded as such.


The Doctor had to impede the restoration company because he had valuable equipment and electronic devices which demanded professional removal. The doctor had to follow his policy and minimize his damages as such.

 

The restoration company wanted to maximize their own company’s benefit by moving everything in least amount of time, and set up a maximum number of their equipment for a maximized bill which in emergency situation runs up to six figures!

 

Ironically, if the owner had his way, the doctor’s recovery would be a fraction of what he was entitled to because he would have had failed to mitigate. His carrier would have him sue the owner for additional losses and if the Doctor had his way, the owner would suffer.

 

Owner’s real estate attorney was clueless as you need full hands on experience to plan a compromise that could satisfy both insurance policy where none of the carrier could accuse the owner or the doctor of failure to mitigate.

When I stepped into this case on the doctor's behalf, I was told that the owner was contemplating calling the Police department. This was a situation that both parties would have considerable loss if they could not both compromise and satisfy their policy procedures.

 

Imagine you are suffering from stress, uncertainties, and headaches accompanying destruction of your property, and add the complications with escalation of your insurance policy that is there to “protect you.” Remember this is just one item that went wrong. I could write a book about things I have seen!

Commercial Property Damage

There is no question that commercial claims are naturally complex, which allows for numerous oversights by insurance adjusters, determining the true scope of your damages.  Your interest is best served when you allow our experts to examine your actual extent of damages.

Kouros Lahooti

Attorney at Law

CONTACT

Max Insurance Recovery

Law Offices of Kouros Lahooti

CONTACT

Max Insurance Recovery

Law Offices of Kouros Lahooti

OUR ADDRESS

21550 Oxnard Street

Suite 300

Woodland Hills, CA 91367

Email: claims@lahootilaw.com
Tel:  818.300.5777

 

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