Solutions for Multi family Property Insurance Claims

When your multifamily asset has sustained damage, retaining the value of the property often hinges on a successful insurance settlement. Whether it impacts only a handful of units or the entire property, filing a multifamily property insurance claim is a massive undertaking. 

In addition, missteps along the way can be costly, wasting time and money on delays or underpayments, holding up the repairs process, displacing tenants and impacting your income in the meantime. 

Hire a Trusted Insurance Claims Expert

With so much at stake, hiring a licensed Public Adjuster is the best way to safeguard your investment and retain your property’s value. Public Adjusters work for you (the policyholder), not the insurance company. 

Policyholders can hire a Public Adjuster at any point in the claims process, but generally, the earlier the better. If you’re experiencing delays with a claim that you’ve filed, or even if you’ve already received a low-ball settlement or denial, a Public Adjuster can renegotiate for a higher settlement offer. 

A Public Adjuster will work to maximize your multifamily property insurance claim, using their policy knowledge and understanding of state-regulated compliance timelines to beat your insurance company at their own game. A government study conducted by the State of Florida in 2010 found that claims represented by a Public Adjuster received higher settlements than those without, to the tune of 747% more on average.

In exchange for their services, they charge a percentage fee of the settlement amount, paid on contingency once you receive the check from your insurance company. 

"Rather than services that are costly upfront, our fees are contingent on you receiving additional money from the insurance company, aligning our success with yours." —Ted Patestos, Tiger Adjusters®

How a Public Adjuster Helps Multifamily Property Owners

• Policy review - Public Adjusters will offer a consultation and insurance policy review to help you better understand your coverage and learn more about your claim.
• Property inspections - A Public Adjuster will walk your property, gathering evidence and documenting the damage. They will then produce a damage estimate report. 
• Full representation - A Public Adjuster will handle filing the claim, communicating with your insurance company, and negotiating the claim on your behalf.

Public Adjusters can be hired for all types of property insurance claims, including water damage, hail damage, wind damage, flood damage, fire damage, and even theft. The majority of multifamily insurance policies also include coverage for money lost due to the disruption of rental payments from tenants, called loss of income coverage.  

What is Loss of Income Insurance?

Loss of income insurance—also known as rental income insurance, business income insurance, loss or rents coverage, or simply Coverage D—is the coverage protecting multifamily property investors from financial losses linked to a disruption of rent income. This type of coverage comes into play when multifamily property damage displaces tenants from damaged units.

Getting Ahead of Potential Damage

Public Adjusters can also perform proactive property inspections on a regular basis to document the state of your property. This can be especially useful ahead of storm season to prove that any damage sustained was from the weather event, and not the result of general disrepair or wear and tear—a common excuse insurance companies fall back on to deny your claim.

Tiger Adjusters is the Nation’s Leading Public Adjusting Franchise

With locations across the country, Tiger Adjusters has a reputation for being a fierce advocate for policyholders. We don’t back down when it comes to getting you the settlement you are owed under your insurance policy. Reach out for assistance in maximizing your multifamily property insurance claim.