Going through the insurance claims process can be complicated and stressful to navigate. There are times it may take a while to finalize everything and get the funds you need to get your life back on track. While this would be a burden in any situation, when it specifically concerns a commercial property insurance claim and affects the success of your business, there’s more reason to want to settle as quickly as possible.

Although you should never agree to a payout that’s anything less than reasonable just to speed up the process, the professionals at Chanler Agency in Geneseo and Livonia, NY, also warn against making sure your claim isn’t unnecessarily delayed. Below, they recommend a few things you can do to avoid this:

• Review Your Policy Carefully: Even if you selected your property insurance policy yourself, that doesn’t mean it’s easily understood. It’s important to go through it carefully to learn about everything that’s covered, as well as what the exclusions are so you don’t run into any surprises. If there’s anything you need clarification on, don’t hesitate to ask your agent.
• Keep Your Paperwork Organized: Before an insurance company settles a claim, they will want to go over every piece of evidence you have. If you keep all photos, documents, and receipts organized in one place where it’s easily accessible, it will be much quicker for you to locate and send your provider anything they request to see.
• Stay in Communication With Your Insurance Provider: Don’t allow too much time to pass without hearing anything from your insurance company. Stay in touch with them to find out the progression of your claim, and be available to answer questions or fill out any paperwork that they may have for you.

The longer you have to wait for compensation from your commercial property insurance provider, the longer it will be before your business is restored and able to yield a profit once more. Use these tips to help keep your claim from being held up. Contact Chanler Agency at (585) 243-5520, or visit them online for a full list of business insurance services.