If you are fortunate enough to own property in Texas, you know how important it is to maintain the value of your investment. That’s why you spend so much money on your commercial property insurance premiums.

You hope that you will not ever have to make a property insurance claim, but circumstances, bad luck, or Texas weather may have other plans. My law firm has handled property insurance claims arising from hail storms, wind storms, tornados, fire, boiler explosions, broken pipes, lightning, vandalism, and theft.

When the time comes to make a claim you will have several questions. The most important question is: What is my coverage? That depends on the policy you purchased. Is it a replacement cost policy? Or is it an actual cost value policy? How is your co-insurance calculated? How is your deductible calculated or applied? Are code upgrades required and covered? Will your business losses be covered? Is the roof able to be repaired or does it have to be replaced?

If you have never submitted a property insurance claim, beware. You may be in for a surprise.

Most property insurers want to settle your claim. However, it important to understand that property insurance companies want to settle your claim on terms that are favorable to them. After all, they are in business to make money, and paying your claim does not help their bottom line.

That is why you need to protect yourself and your investment. You need to find someone who can read and interpret your policy, then work to maximize your recovery.

My law firm does this for commercial property owners all over Texas and Oklahoma. A sample of the types of claims we have handled can be found here. We offer a turnkey approach to your property insurance claim. We do not rely on the insurance carrier to estimate your loss properly.

Instead, we retain, at our cost, our own contractors, public adjusters, and estimators who conduct a thorough and comprehensive inspection of your loss. If necessary, we will also retain-again at our cost- an engineering expert to analyze the cause and extent of the damage. These experts take into account sound engineering and construction principles as well as relevant building codes in preparing their estimates.

In some instances, our investigation may reveal that your property insurance company has breached its duty of good faith and fair dealing. Many times these cases are referred to as “bad faith” cases. This means that the insurance company acted unreasonably in investigating, denying, delaying, or otherwise handling your claim. The insurance company may also be subject to an 18% penalty for failing to comply with certain time deadlines regarding your claim. These cases are sometimes referred to as PPOC or “prompt payment of claims” cases.

I handle a variety of commercial property insurance claims on a contingency fee. As a result, I essentially partner with commercial property owners to maximize their recovery under a policy. I advance the expenses of litigation as well. My fee and expenses are only paid if we collect money for you.

No matter where you are in the property insurance claims process, Hoch Law Firm, P.C. can help.