Builder’s Risk Insurance Claims for Flood Damage

A flood can seriously damage your property, delay your completion date, and add sudden costs to your significant investment. How do you know what your builder’s risk insurance will cover? Our public adjusters have the experience and expertise to prove your full scope of loss and negotiate a maximum claim amount for your recovery.
We are your trusted advocates there on-site to provide our experience in the insurance claim process and maximize your recovery to prevent further delay.

When your project is under construction, it is vulnerable to a range of natural and man-made disasters, or perils. It could be a sudden flood. It could be a scaffolding collapse or a fire sparked from construction equipment. Perhaps it’s a random pipe bursting that causes water damage floors down, ruining sheetrock and wooden floors. In any case, the property damage can delay construction considerably, leaving the job stalled and costing you heavily as you try to make a plan to get back on track.

Are you covered by a builder’s risk insurance policy? Along with coverage to repair and replace property, how much coverage is there for the expenses you will take on with every day of delay in order to reorganize and keep the project alive? Your insurance company has its own team working on their behalf. With our public adjusters working as your advocates, you have experts in builder’s risk policies on-site to evaluate, document, and present a comprehensive scope of coverage and negotiate your claim for the maximum amount.

What To Focus On After Flood Damage

Make sure you fully understand the meaning of each of the following before you move forward. Feel free to reach out to us for a no-cost discussion about your claim.
  • What is my agent/broker’s role?
  • What do I need to know about the insurance company’s experts?
  • Why is a claim strategy so important?
  • What are considered hard costs?
  • What are considered soft costs?
  • How quickly can I start rebuilding following a loss?

Property Damage Losses Builder's Risk Claims Recovery Process

Property Damage
Time Element
Life & Safety Issues
Mitigation of Damages
Establish A Preliminary Recovery Plan
Evaluation of Coverages
Valuation Of Damages, Claim Preparation, and Documentation
Negotiations & Settlement
Restoration Of Property & Operations

How Our Team Helps You

  • Evaluate Fully reviewing your insurance coverage.
  • Strategy Developing a claim management strategy.
  • Compliance Determining policy compliance issues.
  • Valuations Completing detailed valuations of building, equipment and inventory losses.
  • Interruption Formulating business interruption models.
  • Itemization Presenting and supporting an itemized claim package to your insurer.
  • Negotiation Negotiating on your behalf with your insurance company.
  • Communication Keeping you informed every step of the way.
  • Settlement Ultimately settling the claim for the maximum amount and with less hassle for you.

Clients We Have Helped

All insurance policies have their 'gray’ areas, and ours was no exception… I was particularly impressed with… your team’s ability to navigate through those areas and present them strategically… in the best light for your client. I really believe that our final claim resolution was significantly better than it would have been.
Donald C. Wood
President and Chief Executive Officer - Federal Realty Investment Trust
Testimonial

Contact Us

If you're suffering from a builder's risk property claim, we can help!
Call us at 800.858.3900 or fill out the form below:
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