Comments on: Business Insurance Claims

By: admin

admin — Fri, 09 Jul 2010 04:47:34 +0000

Maria,
You could hire a public adjuster and or attorney. The PA is cheaper than the attorney. If the PA cannot get the claim covered, at least a good public adjuster will document the file for the attorney to take over and litigate. For advice on how to choose a good public adjuster, go to the Considerations page at UClaim.com. And also consider the eBook there on denied claims.

By: Maria

Maria — Tue, 06 Jul 2010 22:50:18 +0000

I have an RV park business recently damaged by a fire and the insurance company is claiming they have no liability. I’ve heard there are companies out there who step in and help when this sort of thing happens? How do I proceed and who do I contact?
Thank you.

By: admin

admin — Sat, 22 May 2010 15:11:54 +0000

Jordan,

I doubt it. You could ask them, but I think they would need a special endorsement. Now if they were negligent in some way, not providing security etc., you may have a liability claim and or court claim.

By: Jordan

Jordan — Fri, 21 May 2010 17:44:40 +0000

I was a delivery driver for a restaurant. At one of my deliveries, I was the victim of an armed robbery. The robbers took the food, my money and a gold chain around my neck. I am trying to get reimbursed from the restaurant for the stolen gold chain. Do you know if the restaurant’s insurance policy would cover that loss?

By: admin

admin — Sat, 06 Mar 2010 06:48:37 +0000

Loretta,

Insurance claim proceeds are not taxable, because it is theoretically to replace stuff you already paid taxes on. It would be like selling your personal property for money, you don’t pay taxes on that.

By: Loretta Santos

Loretta Santos — Fri, 05 Mar 2010 17:03:43 +0000

If you have a damage claim and the insurance pays more than you can have it repaired for; is the excess amount taxable?

By: admin

admin — Sat, 23 Jan 2010 00:00:09 +0000

Jason,

Well it depends. If you don’t have RCV with your own insurance, then go after the repair man’s insurance, which will only pay ACV (depreciated value). Also there would be no deductible with the repair mans insurance.

And make sure that any repair man you give work to gives you a copy of his declaration page showing he has insurance to cover you.

By: Jason

Jason — Fri, 22 Jan 2010 17:52:21 +0000

I run a chain of video game stores, and outsource repair of certain consoles to a company run out of a shop in the repairman’s backyard. He kept the expensive consoles (PS3, XBOX 360, wii) under lock and key, yet someone managed to break in, destroy his cabinetry and steal around $6000 worth of equipment.

My question is, can I file claim under my business insurance? Or would it have to go through the repairman’s?

Thank you!

Jason

By: admin

admin — Thu, 15 Oct 2009 17:59:52 +0000

Jay,

If you have a full business policy, it should pay you for what you paid (wholesale) for your inventory and retail for your business personal property (eg. tools, furniture, fixtures, etc. Your customers should get the “market value” (used value) of their property lost. I suggest the UClaim.com eBook Businessowners Loss Deluxe to guide you through it. Its on sale 50% off with a money back guarantee.

By: Jay

Jay — Wed, 14 Oct 2009 12:20:34 +0000

We are planing to file insurance claim for the inventory we have lost either from our customer and/ or by our yard/ trucking partner.
Can you please help me with the procedure indetail for both instance…