Our team can assist equipment breakdown claims
Previously known as “Boiler & Machinery” insurance, equipment breakdown insurance policies have been available for over 100 years. This coverage can play a crucial role in the survival of a business, therefore, it is important that business owners strongly consider avoiding the risk of losing a vital piece of equipment that can cripple an organization’s operations. A piece of valuable equipment can be operating fine, however like any machinery, breakdowns can happen. On many insurance policies the term “Accident” is defined as, “a fortuitous event that causes direct physical damage to “covered equipment.” This definition carries many insurance coverage issues that need to be carefully investigated and addressed in order to properly present an insurance claim to the proper insurance policy. Many policyholders will be surprised to find out that their Equipment Breakdown policy can have many exclusions, typically up to 21 different exclusions.
For example, is fire and explosion covered or not covered? This may depend under certain circumstances that caused the fire or explosion. An experienced boiler & machinery insurance claim professional can help address the issues of causation to an insurance carrier. Floridian International Adjusters clearly understands equipment breakdown claim concerns and excels in managing your equipment breakdown claim from the beginning and until a settlement is reached that is beneficial to your business.
Gathering your equipment’s records
The initial documentation of your equipment breakdown & property damage is imperative in providing the evidence needed to create an initial presentation to your insurance company. Taking photos and videos with a smartphone or any other device will help solidify your claim and show important documentation of damaged property that may not be obtainable at a later time. Contacting an insurance claim professional such as a public adjuster is beneficial in the documentation of damaged property at the early stages of an insurance claim.
We find that business owners, managers, boards and other policyholders at times fail to understand and identify the nature and extent of their damage. Retrieving all documentation related to inspection reports, maintenance, lease contracts, and purchase orders for the equipment will be necessary. Gathering the necessary financial documentation to support your claim for loss of income is crucial. Our adjusters have the experience and trained eye that allows us to immediately understand the scope of repairs with clarity. Understanding the period of time needed for restoration will help set the timeline to calculate the monies being claimed to an insurance carrier.
Our public adjusters service the following areas
Floridian International Adjusters continues to expand into several regions of the US and abroad. Currently, our licensed adjusters can assist property owners with damage in the following locations:
|South Carolina||North Carolina|
Property loss consultants working for you!
Founded in a region known for it’s high risk of natural disasters such as tropical storms, hurricanes, floods, fires and other catastrophes. Floridian International Adjusters has become a known advocate for policyholders who have incurred the consequence of property damage to their homes and businesses. Our licensed public adjusters have represented and settled thousands of property insurance claims on behalf of property owners. FIA’s trained staff and adjusters come from many diverse backgrounds such as customer relations, architecture, emergency restoration, marketing, business administration and even from inside the insurance carrier side of the property insurance industry. The combination of these various disciplines gives the firm a competitive edge in excelling the practice of public insurance adjusting, property loss consulting and loss appraisal.
Floridian International Adjusters core principles center on the needs of our clients. Our careful representation and insurance claim management strategies provide your property loss claim with an opportunity to maximize the benefits of your insurance policy coverage in an efficient and pro-active manner. Understanding the nature of identifying damage and properly appraising the value of your claim is our specialty.