Can anyone advise on insurance claims?
Friday, January 15th, 2010We have today had a burst water pipe at our shop. We are insured for our stock and our landlady is insured for the damage to the property etc. Alot of our stock has been damaged and ruined. We have notified our insurance (this is obviously a commercial policy). We have never had to make a claim before so I was wondering what is a good guide to how long they take to pay out? We cant reopen cos we need to replace what has been damaged so therefore we are losing more money?
It could take a couple of weeks before the settle the claim and a week to pay it. If it starts to take too long, consider hiring a "public claims adjuster" or "public adjuster" to assist in negotiating for you.