Property Loss and Business Interruption Coverage Information
10/18/2005
It would not be possible to properly define the destruction caused by Hurricanes Katrina and Rita. There are no words that do justice to the thousands of people who lost homes, possessions, jobs and loved ones in a matter of days. While we may not be able to adequately express our sympathies and concerns, we at Anderson Kill & Olick, P.C. know that the best way to provide help is through our actions. Therefore, the firm has made a donation to the American Red Cross, supporting efforts to provide critical materials to many in their time of need.
In addition, Anderson Kill would like to offer the following advice as assistance to policyholders, in hopes that they receive the greatest return possible for their insurance policies: Twelve Tips to Secure Insurance Coverage for the Katrina / Rita Disaster.
1. Find Your Insurance Policies
2. Look To First-Party Insurance
3. Remember Property Damage, Business Income and Extra Expense Coverage.
4. Coverage May Be Available Without Direct Physical Loss or Damage.
5. Give Notice.
6. Secure Tolling Agreements With Your Insurance Company.
7. Insurance Policy Renewals.
8. Emergency Repairs and Preservation of Property.
9. Retain An Engineer or Consultant If There Is Risk To The Structural Integrity of a Property Owned or Managed by the Policyholder.
10. Keep A Diary. Document All Loss Items and Emergency Expenses.
11. Consider Help In Submitting Your Claim.
12. Consider Insurance Coverage Under Other Insurance Policies.
In addition, valuable information is provided below.
For additional information, please feel free to contact the following individuals below:
Finley T. Harckham
Marvin Milton – Anderson Kill Loss Advisors
Joshua Gold
Robert M. Horkovich
William G. Passannante
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