How Do You Estimate Fire Damage?
Your Commercial Property Deserves Your Attention After A fire
After sustaining a fire on your commercial property, you need to estimate the extent of the damage you have incurred so that the insurance process can begin. Doing this properly can be tricky, since an underestimate can cost you, while an overestimate can prove equally problematic. Fortunately, a fire restoration company estimates damage by accounting for several factors:
1. Lost Possessions
Items that are lost to fire damage should be accounted for when filing an insurance claim. Because objects and equipment are as equally valid parts of your business as the surfaces of your building, you should be compensated for them accordingly. Anything that has been damaged to the extent that it must be thrown away is considered a lost possession. A professional can help you to determine which items are salvageable and which are not.
The cost of repairs necessitated by your commercial fire will likely make up the bulk of your service-related estimate. Depending on your situation, many costs, including that of hiring a restoration company to appraise losses, may be covered by your insurance. Other restoration activities, such as cleaning smoke damage or replacing burnt surfaces, are valid repairs to be compensated. A restoration professional keeps records of the costs of each service so that they can be easily reported later.
3. Current Value of the Property
The extent of the damage caused by an incident is only one part of the total estimated costs. Other factors, including the approximate value of the property and the location of the fire, go into determining what your overall claim is. Because these factors can influence your coverage, you should work with a professional to report your situation accurately.
Your Santa Ana, CA, commercial property deserves your attention after a fire. By working with an expert who can accurately estimate your damage, you can maximize your coverage and get your business back on track.