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Insurance Denials:
What do do when your insurance company does not pay?
Many insurance companies make bogus excuses to deny insurance claims. If your insurance company denied your insurance claim call Solomos & Storms, PLLC for a free consultation to determine if you have a case against your insurance company for improperly denying your claim.
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(718) 278-5900
Let us worry about your dealing with your insurance company.
Skilled Attorneys Dealing With Insurance Companys
If you are confused as to whether or not your current insurance policy covers your loss, such as property damage on your home, you need to speak with an experienced attorney – that can fight back against your insurance company. Contact Solomos and Storms, PLLC today to enforce your rights.
"We focus on property damage and busines insurance matters and complex litigation, in Queens, Brooklyn, Manhattan, Nassau, Suffolk and Westchester . We know the terrain, first hand. And we know the court system even better."
Some Insurers Deny Claims as a Business Practice - You Often Need to Fight Back.
Today, there are many unscrupulous insurance companies that deny property damage claims based on bogus investigations – in an effort to avoid paying claims. Keep in mind for the insurance companies, it’s in their own best interest to deny claims. In some cases, they aren’t playing fair with their clients, seeking legal loopholes and excuses not to pay. Don’t simply accept the letter denying your claim. Contact Solomos & Storms, PLLC to determine if you have a case against your insurance company for improperly denying your claim.
What You Need To Know About
Business Interruption Insurance
Does Your Insurance Cover Business Interruption?
A business interruption insurance claim has one sole purpose: to restore the business to what it was pre-event.
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(718) 278-5900
What Is Covered Under Business Interruption Insurance?
Historically, the U.S. hasn’t suffered a pandemic of this magnitude since the 1918 Influenza Pandemic. Our current situation is unprecedented, with the shutdown of whole cities and states due to the pandemic. Businesses are clamoring to their insurance companies for help in these drastic times, in some cases, only to find out their claims have been denied.
As it turns out, business interruption insurance only settles claims in certain instances for this type of disaster. This has left many Astoria business owners scrambling for answers.
Here is what business interruption insurance may cover, assuming that not all policies are created equal;
- Income lost in the event of physical damages sustained to the business due to a fire or natural disaster such as a flood or an earthquake
"Business expenses such as; payroll, taxes, rent and loan repayments, possibly even mortgage payments .
- Most standard business interruption insurance policies do not cover losses sustained as the result of a pandemic. Some may even include language which excludes losses due to viruses or bacteria.
- The laws covering business interruption insurance are still being interpreted by the courts.
Understanding Your Coverage and Exclusions
Although it is highly unlikely that your current policy has made reference to a virus specifically, your policy may still cover your losses, or conversely, may have exclusions that would negate coverage in the case of a pandemic. It’s important to know exactly what your business coverage is, and then, if applicable, take the necessary steps to recover your losses. You will need an experienced attorney to tell you if there are any exceptions in your policy which may prevent you from moving forward with a claim.
In the case of a property damage and business interruption claims, damages must be carefully chronicled with supporting evidence. Determining coverage, proving loss, and then enforcing a claim can be a complex matter. Doing this requires very measured steps and the help of an experienced business attorney.
Establishing A Financial Loss To Your Business Due To The Covid 19 Pandemic
There are important things you need to establish, if indeed your insurance provides coverage for business interruption;
You must first prove that the covered property was damaged, that the damage was caused by the covered event, that the covered damage was the cause of your business interruption, and the loss of income was a direct result of that interruption. Although this may sound straightforward, there are often difficulties when trying to connect all four prongs of the rule in order to recover your losses.
Compiling Verifiable Evidence.
Your insurer will want to see verifiable evidence supporting the financial amount of the loss. They will do this by scrutinizing your books, both before and during the pandemic. This requires that your business financials are in good order and submitted in a way that satisfies the insurer, lest you be accused of financial malfeasance.
You Need A Skilled Business Lawyer To Help You Navigate The Treacherous Legal Waters.
Bringing forth a business interruption insurance claim resulting from the COVID-19 pandemic or a Property Damage claim can be complicated. You need a skilled lawyer to help you understand the scope of your coverage, how your losses legally fit into that scope, how to formalize a claim, and then to present your claim to the insurance company.
Solomos and Storms, PLLC will help you every step of the way, including enforcing your rights, through litigation if necessary.
There is nothing worse than having your property damaged from an event that is beyond your control, and then getting your insurance claim denied on top of it.
Take back your control with experienced lawyers who can fight insurance companies to get you a fair deal, right here, in Astoria, Queens and throughout NYC. Solomos and Storms, PLLC is standing by to help you.
Business Lawyers Solomos and Storms, PLLC
contact us now
33-08 Broadway, Queens, NY 11106
When you contact us
you can be assured that:
You will receive one on one personal attention.
We have over 40 years combined legal experience. We are the locals that know the ropes!
You are extremely important to us, which is why your calls will always be returned as a priority.
We are well known and well respected amongst local businesses in Astoria. We’ve been here a long time, and we’ll be here for you!
We can help you settle your matter without going to court, if it’s appropriate, or go into battle on your behalf. We are trial tested.
We are aware of the cost of litigation and we do our best to keep your cost as low as possible.