Recover After A Northern Liberties Fire
Flames and heat caused more than $3.8 billion worth of damage to residential properties in 2021, with fires and wildfires leading as the costliest insurance claim types. However, property insurance carriers across the U.S. denied 37% of claims in 2023, creating a staggering financial burden for property owners and renters, who end up shouldering the cost of repairs for expensive fire claims.
Unfortunately, this means that if your Northern Liberties property sustained fire damage, you’ll likely face an uphill battle to receive a fair settlement offer from your insurance carrier.
Fire Claim Denials
According to the Merlin Law Group, insurance companies have four common reasons for a fire claim to be denied:
- Allegation of arson
- Valuation differences
- A violation of terms in the insurance policy conditions
- Fraudulent claims
Philadelphians Won’t Go Down Without a Fight
If you received an insurance claim denial or an unfair settlement offer, you can take a stand by hiring an advocate to go toe-to-toe with your insurance carrier. A Philadelphia Public Adjuster will put your insurance company on notice and let them know you mean business.
Public Adjusters are licensed by the State of Pennsylvania and are insurance claim experts who understand how to navigate the intricacies of fire damage claims. Public Adjusters use their honed property inspection skills, policy knowledge, and strategic negotiation tactics to maximize your claim payout.
Fire Claim Tips
- Notify your insurance company of the loss ASAP and contact a Public Adjuster to discuss your claim and conduct a complimentary damage inspection.
- Make temporary repairs, including mitigation following firefighting efforts. Almost all policies require reasonable mitigation efforts to prevent further compounding damage (like mold). Not completing proper mitigation can cause your claim to be underpaid or denied.
- Photograph and document damages thoroughly to substantiate your claim with evidence. A Public Adjuster will include this with their inspection and damage estimate report.
