Many schools have various types of commercial property insurance coverage in case natural disaster strikes and causes significant damage to the premises. The purpose of the school property insurance is to protect valuable property and to make it possible to continue the mission of education during and after a disaster, if at all possible.
Even for our educational institutions, insurance companies will deny insurance claims in the wake of a storm, another natural disaster, fire, structural damage from a major plumbing failure, and more. This happens more often than you think. Even if a school district, an elementary school, middle school, high school, junior college, preparatory school, college, or university has commercial insurance, the carriers often try to come up with ways to deny or delay payment on their claims, costing the schools – whether government run or private tuition-based institutions – millions of dollars in damage and sometimes lost revenue.
What Does School Property Insurance Cover?
A school insurance policy covers both the buildings and their contents, sometimes including the property of teachers and students, according to the terms of the policy. Most public schools will only cover their own property, and almost no schools will cover automobiles parked in the lots outside of their buildings.
When a school suffers a loss, it may not be possible to function properly, so it is crucial that it gets relief quickly and is treated fairly. When an insurance carrier fails to respond in a timely manner, it will often delay, underpay, or wrongfully deny a school’s claims of loss.
When that happens, the school’s board of directors, administrators, counsel, or owners should speak to one of our knowledgeable and experienced commercial insurance litigation lawyers. A school district claims attorney on our legal team can appeal your denial and fight to get your school the fair compensation you expected when you took out your insurance policy.
Do not let bad faith insurance practices interfere with your school year
Insurance policies are meant to provide property owners security when disaster strikes, but insurance companies do not always do the right thing. The attorneys at Raizner Slania have represented various clients in complex insurance cases and know how insurers function. We can evaluate your claim and can help you determine your best course of action. We work on a contingency fee basis, meaning that you owe us nothing unless we successfully resolve your case. If your property has been damaged and your insurance carrier is not holding up their end of the contract, contact us to discuss your claim.