Hold Insurance Companies Responsible for Acting in Bad Faith
Part of maintaining a profitable hotel and motel business is to have a commercial property insurance policy and overall hotel damage policy. These policies provide a safe haven for property owners when the property is damaged, ensuring the ability to rebuild and repair their buildings quickly after a disaster strikes. Quick repairs are especially important in the hotel and motel business where time is money. Each day that a property is not repaired properly involves potential lost customers, sometimes in large numbers.
Too often, however, insurance companies will act in bad faith, wrongfully denying a property damage claim and cheating hotel and motel owners out of the insurance benefits they are due by claiming the damage isn’t covered under the policy. Whether the insurance company claims the damage is from wear and tear, a manufacturing defect, poor installation or maintenance problems, the result is the same – the insurance company refuses payment when it is needed most. If your hotel or motel business has suffered as a result of bad faith, contact an insurance claim dispute attorney to fight for what you’re owed.
Combat Common Excuses for Insurance Claim Denials
Insurance policies are meant to provide property owners security when disaster strikes, but insurance providers do not always provide this security when presented with a claim. While each claim regarding a hotel damage policy is different, the excuses the insurance companies give for refusing payment are often the same. Many times, an insurance company will refuse payment on the grounds that the damage resulted from wear and tear, a manufacturing defect, or that the property was poorly maintained.
An insurance company may try to limit their payments by claiming the property is heavily depreciated and paying an “actual cash value” amount that is a fraction of the amounts owed. Insurance companies may even try to enforce improper “co-insurance penalties” against hotel and motel owners who insured their property to the correct amounts recommended by their agent. If you are confronted with any of these improper excuses, Raizner Slania can help.
Don’t Let Bad Faith Practices Interfere with Your Hotel or Motel Business
We work on a contingency fee basis, meaning that you owe us nothing unless we successfully resolve your case. If your hotel or motel property has been damaged and your insurance carrier is not holding up their end of the contract, contact Raizner Slania today to discuss your claim.