COVID-19Many business owners across the country have been affected by the recent economic slowdown. Current events highlight the importance of purchasing coverage for potential impediments to your business. It is important that you review your policy, even if you purchased an all-risk policy, so that you are aware of any potential holes in coverage. Pay particular attention to:
We recommend that you monitor your property while your business is shut-down. When you return or visit your businesses, closely inspect the building and any business property. If anything is damaged or missing, make sure to document your discovery with photographs. You may also call Allied Public Adjusters to discuss whether or not you wish to file an insurance claim.
As our nation emerges from this public health crisis, businesses of all sizes will be critical to restarting the economy. Allied Public Adjusters is committed to helping business-owners fully recover and get back to work. If your business suffered a loss due to COVID-19, call Allied Public Adjusters today for a free consultation.
The COVID-19 pandemic has had serious consequences, not only for traditional businesses, but also for residential property owners. In recent months, millions of Americans have lost their jobs, leaving many unsure as to what will happen with respect to the housing market. Federal, state, and local governments have proposed measures to prevent evictions and provide mortgage assistance with the expectation that many tenants won’t be able to pay their rent, and property owners will have trouble paying the mortgage. But the patchwork of rules has led to confusion and, in many cases, has failed to relieve worries about missed rent and mortgage payments.
If you own a rental property, now is a good time to make sure that you are properly covered for potential losses that could prevent you from collecting much-needed rent.
This includes making sure that you have adequate coverage for damage to your property (both the dwelling and furnishings), loss of rental income, and liability insurance. This is also a good time to review your homeowner’s coverages to make sure that you are adequately covered, and prepared for anything the future may hold.
In the meantime, property owners should consider accessing emergency business funds and relief under the federal stimulus package, which may include Small Business Administration (SBA) loans, mortgage assistance, paycheck protection loans, etc.
If you have suffered a loss due to COVID-19, or any other property or business loss, call Allied Public Adjusters today for a free consultation.