Common Types of Commercial Damage and How to File a Claim

Are you a commercial property owner? If so, you know how important it is to protect your investment. But what happens when the unexpected strikes? Commercial property damage can happen in various ways, and you have to be prepared for any eventuality.

Picture this: You walk into your office to find that your property has been damaged by a burst pipe, or worse, a break-in. Not only can these events be disruptive to your business, but they can also be costly to repair. But don’t worry, we’ve got you covered! 

In this post, we’ll dive into the different types of commercial damage and explain how you can file a claim to get the right amount of insurance coverage. So grab a drink and settle in, let’s dig in. 

What Is Commercial Property Damage

Commercial damage can be a major headache for business owners, property managers, and tenants alike. It refers to any harm caused to a commercial property, whether it’s a retail store, office building, or warehouse. It can be caused by various factors, including natural disasters, human error, or even intentional acts of vandalism or theft. The result is often the same: costly repairs, lost productivity, and an unpleasant experience for both business owners and employees.

But don’t worry, identifying the types of property damage and understanding their causes and prevention measures can help protect your business from unexpected costs and headaches. So, let’s dive into the different types of commercial property damage and how you can prevent them.

Types of Commercial Property Damage

Water Damage

One of the most common types of commercial damage is water damage. This type of damage is not the same as flood damage, so knowing the difference is vital. Here are some examples of water damage:

• Water damage from roof leaks, which can lead to damage to your ceilings and walls.
• Ceiling damage caused by pipe leaks.
• Bathroom floor damage from an overflowing toilet.
• Water damage to your floors from a hailstorm that breaks your windows.

If you spot stains on your walls, mold growth, rotten wood, or swelling floors, it could be a sign that your commercial property has suffered water damage. 

To ensure that you can file a water damage claim, review your insurance policy and see what’s included. If the damage was caused by an accidental event, it should be covered under your policy.

Flood Damage

Flood damage is no laughing matter, and it can happen to anyone. FEMA (Flood Emergency Management Agency) defines a flood as mudflow, inland or tidal water overflow, and unusually high rates of runoff or accumulation of surface waters. 

Flood damage can be detrimental to commercial buildings, ruining walls, floors, equipment, and inventory. Not to mention, it can cause mold growth and other long-term problems that are harmful to the building and its occupants. 

To prevent flood damage, consider installing flood barriers, sealing foundation cracks, and regularly inspecting the drainage systems. If you want to be sure you’re fully protected in case of floods, you should have the NFIP – National Flood Insurance Program.

Fire Damage

When it comes to commercial property damage, fire can be one of the most devastating culprits. It can reduce businesses to rubble, leaving only memories of what was once there. Fire can be caused by electrical malfunctions, human error, or arson. Whatever the cause, it leaves behind devastation in its wake.

Fire damage can range from minor smoke damage to severe structural damage. Smoke residue blackens walls, ceilings, and furniture while flames char wood and metal items beyond repair. The heat of the blaze may also bend steel beams, melt plastics and even destroy concrete foundations. 

Overall, the aftermath can be overwhelming – from the cost of repairs and property loss to the trauma of the experience. So if you’re a commercial property owner, you need to take fire safety seriously and have a plan in place to protect your business and those who work there.

Hail Damage

Hail can be the size of a pea or as large as a grapefruit, and when it falls from the sky, it can wreak havoc on your commercial property. From dented roofs to shattered windows, hail damage can be costly and time-consuming to repair.

Here are a few examples of the types of damage hail can cause to your commercial property:

• Dented roofs and siding: Hail can dent metal roofs and siding, affecting the integrity of your building’s structure.
• Shattered windows: Large hailstones can shatter windows, leaving your property vulnerable to further damage.
• Damage to HVAC systems: Hail can damage HVAC systems, leading to costly repairs and downtime for your business.
• Water damage: Hail can damage your building’s roof, leading to leaks and water damage inside the building.

Hurricane Damage

Hurricanes can be a triple threat to properties, causing damage from strong winds, flooding, and storm surges. And when we say strong winds, we’re talking about hurricane-force winds that can blow off roofs, knock down walls, and shatter windows like they’re made of paper. And just when you thought things couldn’t get any worse, here comes the flooding! 

The torrential rains that accompany hurricanes can result in water seeping into buildings, causing even more damage. And if that’s not enough, flying debris can also crash through structures, leading to further destruction. So, hurricane damage is no joke. 

The costs associated with repairing or replacing property damage can be overwhelming, so it’s important to take hurricane preparation seriously and have a protection plan in place.

Vandalism Damage

Vandalism involves damaging someone else’s property without their knowledge or consent, usually with malicious intent. Vandalism damage can range from graffiti on walls to the destruction of property, and it has serious financial implications for businesses.

Common types of vandalism include:

• Graffiti
• Spray painting on buildings
• Writing inappropriate messages
• Drawing offensive images
• Destruction of property
• Breaking windows & doors
• Setting fires
• Defacing public monuments

The damage that vandalism can do to a business cannot be overlooked – not only does it cost money to repair or replace damaged items, but also it may negatively affect customers’ perceptions of the company’s brand. 

What Are Property Damage Claims

Property damage claims are designed to cushion businesses from certain losses due to vandalism or accidental causes such as fire or floods. This coverage typically covers lost income caused by interruption of operations and reasonable expenses necessary to resume normal activities after an accident has occurred – like paying for repairs and equipment replacement costs. 

However, not all types of losses are covered under this type of policy. Often additional policies must be purchased separately to ensure full protection against all risks associated with running a business. So, you should get to know your insurance policy to know exactly what you’re protected from.

Knowing how to file a claim for commercial damage is integral in protecting your company’s financial security and ensuring any loss incurred is minimized as much as possible – while still being able to provide clients with the quality services they expect from you.

How to File a Commercial Damage Insurance Claim

Filing a commercial property damage claim can be complicated. Fortunately, there are some steps you can take to make the insurance claims process easier. 

• First, you have to understand the type of damage and if it is covered under your insurance policy. 
• Next, contact your insurance provider immediately to start the claims process. Your insurer will provide instructions on how to submit all relevant documents along with any additional information needed for them to review the claim. 
• Take photographs of damaged items and notes about what happened to help support your case during the claims process. It’s also helpful to keep copies of related bills and receipts from repairs or replacements made due to the incident.
• Document conversations with representatives from your insurance company throughout the duration of this ordeal.

By taking these proactive steps when filing a commercial damage claim, you can ensure an effective resolution while minimizing potential future issues related to coverage disputes down the line. And if all else fails, public adjusters are always here to help you out.

Get a Public Adjuster to File a Commercial Property Damage Claim

If you’re facing commercial property damage, filing an insurance claim is the last thing you want to be dealing with. Well, that’s where we step in! Elite Resolutions is a public adjusting company helping people get the insurance coverage they’re owed when experiencing property damage. Plus, we will handle the entire claims process!

Whether you’re a restaurant or hotel owner, you can rely on our insurance adjusters to help you get the compensation you deserve. With over 14 years of experience, we know exactly how to handle your claim in the best and most efficient way. Don’t let your business suffer – get in touch and let us handle your insurance claim ASAP!