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Industry Specific Services Multi-Family Complexes

We have used your services several times now and made it part of our disaster recovery program for all of our properties. We have always gotten tremendous results with you. We look forward to a long and prosperous relationship…As always you do a great job and make us look great to our property owners. (2008)

It’s how I handle such bad luck that counts…Your complete and professional accounting of damages puts our property owners at ease that their single biggest investment is in the best hands possible. (2011)

Your Situation

Situation 1
1
You just suffered serious damage to your multi-family complex and you are wondering what to do next.
Situation 2
2
You call your insurance company and wait for an adjuster to come out hoping that they will have your best interests at heart.
Situation 3
3
You moved from the asset side of your insurance company's ledger to the liability side of their ledger.

How We Can Help

The More You Know, The Better The Results.

  • Settlement We will negotiate the best possible settlement.
  • Peace of Mind We can help you get back to your lives, family, and business sooner.
  • Administration We cover every part in preparing and settling your claim.
  • Team A team of experts on your side.

Multi-Family Complexes
Factors To Consider

When filing a multi-family complex insurance claim, there are many factors that need to be taken into consideration. To help you navigate the process, we have put together several talking points for you to review. Having a full understanding of each of the below bullet points is crucial to documenting, filing, and successfully settling your insurance claim. If any of these questions give you pause, please feel free to reach out to us for a no-cost discussion about your claim.
  • Can tenants stay in the undamaged units? Liability issues may make this a dangerous idea.
  • Your loss of rents claim is more than just submitting lease agreements. Why?
  • Replacement properties. Lease purchase strategy. Is it good for you?
  • Is it always beneficial for your building/property to be considered a “total loss?” If not, why not?
  • Are relocation expenses for Section 8 Housing tenants covered?
  • Are your continuing property management fees covered?
  • Code Upgrade coverage is very important when rebuilding after a fire.
    • How does your coverage address code coverage?
    • Green building upgrades?
    • If your coverage is limited, is there anything you can do about it?
  • What does Title 24 and handicap access mean to you and your claim?
  • If you place displaced tenants in undamaged units, how does it affect your rents claim?
  • Is there coinsurance in your policy?
    • If there is, what does it mean?
    • If there is, did your insurance adjuster tell you? If not, why not?
    • How is coinsurance calculated on replacement cost? On Actual cash value?
    • Properly managing coinsurance can prevent disaster. Not properly managing coinsurance can put you out of business!
  • Asbestos and lead-containing materials can have a major impact on your claim. Are you aware of how to properly address these in order to avoid future liability issues?
    • Hazardous materials such as asbestos and lead can be expensive to address.
    • You want to make sure your insurance carrier does not cut corners when addressing this issue.
  • Does your policy pay for removal of your tenants’ personal property? Disposal of your tenants’ property? Storage of your tenants’ property?
  • Are relocation expenses for HUD tenants covered?
  • Frequently insurance companies use independent building consultants to prepare bids.
    • Who are these consultants?
    • Who are they working for?
    • Do they only work for insurance companies? Why this should be a red flag.
  • In a condominium, where does the unit owner’s interest end and the HOA’s interest begin?
  • What is your broker or agent’s role?
    • Will he/she be adjusting the claim?
    • How many claims has he/she handled?
    • Will his/her role be active or passive?
    • What is his/her background in construction?
    • When faced with supporting your position or the insurance company’s, where will he/she stand?

Multi-Family Complexes Client References

In addition to the 5,000+ references on our list, here are some well-known names in the multi-family housing community we have helped.

Adjusting Today® is a free resource from AI covering the most current insurance topics and critical issues affecting property damage and business interruption claims. It’s written by the leading insurance experts and from the policyholder’s perspective and includes real-life examples to provide insurance agents and brokers, risk managers, attorneys, business owners and other business professionals the context and knowledge to improve disaster preparedness.

Contact Us

If you’re suffering from a commercial property damage claim, we can help!
Call us at 888.473.3677 or fill out the form below:
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