Property Damage Claims for Losses From Vacant Space
If you own commercial space or residential units that were rendered unusable by property damage, your insurance policy may cover the lost income. However, recovering for loss of use or loss of rental value is easier said than done.
Williams Law Association, P.A., in Tampa, can help if your property damage claim is denied or if your insurer balks at paying the fair value of your loss of use claim. We represent homeowners and condo owners, condominium associations, and owners of apartment buildings, malls, strip malls, office buildings and other commercial space in west central Florida.
Loss of Use Under Fire, Water and Hurricane Damage Claims
We handle the full spectrum of commercial property damage claims, including hurricanes and windstorms, fire loss, floods and water damage, damaged roofs or sinkhole damage. For owners who depend on rental income, any of these events can mean a catastrophic loss of revenue.
Loss of use and loss of rental value are typically covered under a general property casualty policy, or under a separate rider. Experienced insurance dispute lawyer K.C. Williams can help determine your rights and remedies under the policy and defend your claims. He works closely with clients to detail or project the lost revenues if you are unable to live in your home or if you are unable to sell or lease the damaged commercial space. Loss of use includes dangerous, filthy or unlivable conditions, as well as any period the property or unit cannot be occupied because of rebuilding, repair, smoke extraction, etc.
We Understand That Time Is Money
We realize that every day that a condo unit, block of apartments or commercial space is out of commission has an impact on your quality of life or your bottom line. We welcome inquiries about loss of use and rental insurance claims from property owners and property managers, and we welcome attorney referrals. Call us toll free at 1-877-746-5529 or submit an intake form online.
