A residential property insurance claim when denied, delayed or underpaid can be a life altering event for a policyholder.

Policyholders must approach the adjustment and settlement of their property insurance claim carefully in order to reap the proper benefits they bargained for.

Few homeowners understand that taking legal action regarding their insurance claim is an option if need be.

When a commercial property or business loss occurs, the commercial property owners and/or business owner’s first impulse is to do whatever is necessary to mitigate the loss and resume operations as quickly as possible.

But settling a commercial property and/or business insurance claim is a complex transaction, and commercial property owners and/or business owners should treat it as such, using the diligence and professional assistance needed to fully recover from the loss.

When a disaster results in damage to a condominium or community association property, the homeowners association’s (HOA) manager and board of directors may be responsible for filing insurance claims. Common ownership is defined by state statute, deed, or HOA Declaration of Covenants, Conditions & Restrictions (CCR’s) and Bylaws, and these instruments and governing documents define the coverages required and apportion responsibility between the HOA and individual owners. Filing a property insurance claim for a condominium or association property is easiest when the task is broken down into clear and manageable steps.