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Fire & Water - Cleanup & Restoration

Do I need fire insurance for my building?

10/10/2022 (Permalink)

Is Fire Insurance Required For My Building?

Fire insurance is a type of property insurance that covers the cost of damage to your Mead, CO building, its contents, and surrounding structures. This type of coverage is important for any business owner, but it's especially vital if your building has some sort of fire vulnerability, such as an electrical or gas system. Fire insurance also protects against water damage caused by floods or leaks.

What Is Fire Insurance?

Fire insurance is a form of property insurance that protects the insured against financial losses caused by fire. Property damage and business interruption are two key coverages that are included in standard fire policies. The policyholder can choose whether to include other coverage options, such as personal property loss or additional living expenses.

Fire policies typically pay for:

  • Cost of fire restoration (the cost to repair or replace damaged structures)
  • Loss of inventory from a preventable cause occurring during a covered period (if the policyholder maintains adequate security)

How to file a fire claim

If you have suffered a fire in your building, here are the steps to take:

  • Call your property insurance company. The adjuster will come out, assess the damage, and give you an estimate for repairs.
  • Get a fire restoration specialist to help with cleanup (removing soot from walls and ceiling) if needed.
  • Make sure that all your possessions are covered by smoke damage coverage!

Step 1: Contact your insurance provider.

After you contact the fire department, it is important to contact your insurance provider. They will be able to give you more details about what the next steps are and whether they cover any of the damage that has occurred.

If you have an insurance claim reference number (if not given by your provider, ask for one), then call up your fire restoration specialist and tell them what happened. At SERVPRO, they will handle the entire claims process from start to finish. They will also send out an adjuster to inspect the damage and assess if there is any threat left behind from smoke or other toxic gases that could cause further problems in nearby homes/buildings or affect the air quality.

Step 2: Contact a fire restoration specialist.

Once you’ve contacted your insurance provider, find a reputable fire restoration specialist, such as SERVPRO. It is easy to find them online by searching for “Fire Restoration Company Near Me” or similar terms. It is important to look for a company that has the training, experience, and equipment necessary to handle a fire loss. Fire damage can be difficult to clean up, and requires trained professionals in order to be done correctly.

Step 3: Determine the extent of the damage.

The next step in the process is to determine the extent of the damage. This can be a difficult task, as it may not be immediately apparent how much water was used to put out a fire or how much smoke damage there was. It's important that you document this process as soon as possible so that you can present it to your insurance company later. The more extensive your documentation and a photographic record is, the better prepared you'll be if there are any disputes over what happened during an incident. Luckily, when you call a company such as SERVPRO, we take care of this entire process for you. From start to finish our adjusters and technicians will document the damage and progress through restoration.

Step 4: Initiate the recovery process.

Once your fire insurance claim has been accepted, you can begin the recovery process. This begins with removing smoke and soot from the air, which is important to prevent further damage from occurring. You'll also want to begin cleaning up any water damage caused by hoses used by firefighters during their response efforts. It's important not to throw away any damaged items until they are assessed by an adjuster or other representative of your insurance company; otherwise, you may needlessly be denied compensation for those items later in the claims process.

If you’re in the process of buying fire insurance, it’s important to understand what the policy covers and how much coverage you need. This article gives a few tips on how to do that and outlines what steps should be taken after a fire has occurred.

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