Category Archives: Insurance

Types of Siding Replacement for a Multi-family Dwelling

There are different styles of siding that can be used on buildings. The choices are many, and it depends upon what look you want to have for your building. It also depends on how much you want to invest. So below are some different types of siding with their descriptions which can be used on multi-family dwellings.

Wood: Wood was the most commonly used type of siding for many years. Even with the new types of siding out on the market, wood is still the traditional and most versatile choice. With this there are so many choices for wood siding such as clapboard, cedar shingles and wood from old barns, as examples. The bad part about wood is that it won’t resist fire very well, and over time it fades.

Metal: Using metal for siding is something to consider. For one thing, it’s more fire resistant than wood and depending on where it’s sourced, it can be a green option. The most common type of metal used is corrugated aluminum, but steel types can be used as well. The downside is that metal siding dents, and if you use steel siding it rusts in salty environments.

Vinyl: Vinyl siding is both durable and low maintenance, which is great for a multi-family dwelling. It comes is a variety of colors and different designs. It does cost more than some of the other materials, but it also has a long lifespan. It does have somewhat of a plastic appearance though when the siding is the less expensive kind of vinyl design.

Clapboard: This type of siding is also known as lap or bevel siding and is in the wood class. It uses planks of wood which are installed horizontally. One piece overlaps the other one. It’s a common style and comes in variations such as beaded and insulated. Regular clapboard has the simplest appearance.

When deciding what type of siding to put on your rental property, consider all the options based on budget and the long haul.

Why Use a Local Construction Company for Insurance Claim Assistance

There are several reasons to use a local construction company for insurance claim assistance. A building contractor who has an established reputation is familiar with this type of claims process for one thing. The company also can lead you step by step through the process to be sure that your residential or multi-family dwelling is properly restored.

texas-hailInspecting your property

After a hail or wind storm; or after any storm or problem which causes damage, it is advisable to call an experienced general contractor who has such things as roofing and siding experience along with water and fire damage knowledge. Whomever you choose should do a detailed inspection of your property to check for damages according to whatever the problem was. If damage has occurred, then photos should be taken by the company representative, and you should be provided with a report. If there isn’t any damage, then you’ll have the peace of mind knowing that your property is safe because an experienced professional did the inspection. If damage has occurred, then an insurance claim will need to be filed.

When damage is found

When damage is found, then you need to call your insurance company to report it. The construction company that you chose as your insurance restoration contractor will be able to help you with this step. An adjuster will be assigned to you by the insurance company then when a claim is reported. The contractor you have chosen will additionally send a field representative to meet with the insurance adjuster at the damaged property. The field representative will go over all the damages that were caused by the storm or event such as a fire, making sure that nothing is overlooked and no damage is unaccounted for by the insurance adjuster.

The results

Once the adjuster has looked over the damage, he or she will give you a claim summary that details what the cost of the repairs or replacements will be. If the difference is below what a fair market price is, then the contractor will negotiate for the difference.

Using a local contractor means you have a professional dealing with another professional who is there to represent your interests.

Prioritizing Repairs after a Major Storm

Major storms can have a devastating effect on properties. Multi-family property owners have special concerns. They need to get their properties back in shape quickly to protect tenants and attract new residents. Commercial construction projects can be overwhelming, especially after major storm damage. Working with an experienced commercial construction company can help make the process as smooth and painless as possible.

Property owners usually have to prioritize commercial construction projects since there is so much time and expense involved. The insurance reimbursement process is time-consuming, especially when a storm has damaged extensive parts of the region. Commercial construction projects often need to be completed quickly so that the business isn’t damaged.  Property owners need to quickly assess damage and plan storm damage repairs to protect their property investments.

storm-recoveryYou should consult with a commercial construction contractor immediately to assess the damage to your property. The contractor may be able to provide your insurance company with much of the information necessary to file a claim. Most important, the contractor will help you determine which repairs are imperative and which can be postponed. Serious damages to the roofing, windows, plumbing or sidewalks will need to be addressed immediately. A commercial construction company with multiple areas of expertise will be a strong support for you during the rehabilitation project. The contractor will have expertise will all aspects of the issues you will need to deal with. You won’t have to coordinate with multiple businesses to repair your property.

Your commercial construction company should provide you with a project manager to guide you through the process. You should receive detailed information about what each rehabilitation project will entail. The information should include timelines, estimates and itemized costs for each item. You can ask your commercial construction project manager to meet with your insurance company to expedite the rehabilitation process. The parties can meet and come to agreement about the extent of the damages. This will help ensure that the reimbursement you receive from the insurance company will cover the costs of the repairs you need to make. The collaborative process will help you get the best results for the most reasonable costs.

What to do after a Fire or Storm

Hopefully, you will never have to deal with fire or storm damage to your multi-family property. However, if damage does occur, knowledge of the insurance claims process can help you get problems fixed as efficiently as possible. You should always keep a copy of your policy in a safe place. Read through the policy thoroughly so that you understand your protection.

Clubhouse FireDo not wait to take action when your property has been damaged. The property could become further compromised. The first thing you should do is thoroughly document all the damage that you can find. Take multiple pictures for your records. These will help you with the process of filing your insurance claim. Make note of the date of the damage.

Contact your insurance agent immediately. This will help you get started with the claims procedure. There are many facets to the insurance process. It’s a good idea to get in touch with a reliable, qualified contractor immediately. They can help you with the documentation process. Experienced contractors understand the types of damage that typically occur during fire and storms. They can help document damage that you may not find on your own.

It’s important to get a thorough estimate on repairs and rehabilitation from your contractor. This can help you compare estimates among service providers. Make sure your contractor is experienced with working on multi-family units. This way, they will understand the complexity of the job thoroughly. It’s a good idea to work with a contractor that has multi-faceted experience so that they can help you with all aspects of the repair project.

What if your insurance company provides a settlement that is less than the repair estimates that you receive? This is a common problem. Sometimes, insurance company data on the cost of repairs is out of date. In other cases, the insurance company misses some of the property damage that has occurred.  An experienced contractor can help you in this situation. They will be able to negotiate with your insurance company to get the appropriate settlement for your repair needs. Your contractor can be an advocate for you during the settlement and repair process.

Dealing with Insurance after Damage Occurs

If your multi-family property has been seriously affected after a storm, fire or other serious incident, you may have a major rehabilitation project on your hands. Most serious repairs can’t be put off. You may have leaky roofs, broken windows, damaged paint jobs and a host of other issues. You will need to immediately contact your insurance agent.

storm-multifamilyYou should fully document the damage that has occurred on your property. Take pictures of all the problems you find and keep a comprehensive list of all the damaged items. If you have a relationship with an experienced contractor, contact them for help with documentation. They will be able to find damage that may not be obvious to the naked eye. They can inspect your roofing, electrical systems, roofing and other parts of the building to insure that they are intact. It’s important to work with a contractor that has significant experience with multi-family properties. The company should have expertise in electrical, roofing, painting, plumbing and concrete issues so that they can fully assist you with the process.

Your insurance company may require a lot of paperwork and inspections before they pay you for damages. Some insurance companies have out-of-date information about the costs involved in repairing the damage to property. They may try to get you to agree to a lower settlement than you need. An experienced repair contractor will be able to help you work with the insurance company.

It’s common for both the claimant and the insurance company to conduct inspections of any damage. Typically, claimants must provide inspection reports at the time that they file the claim.  A good contractor can provide you with comprehensive pre-inspection. Most insurance companies require inspections on roofing, HVAC, electrical components and plumbing as a part of the insurance claims process. An experienced contractor can help not only with the inspection but with the process of interacting with the insurance company.

Your contractor may provide you with a different estimate than the amount offered by the insurance company. This may happen when the insurance adjuster misses damaged items. The insurance company may not have information on current market pricing which can lead to a low estimate. A good contractor can communicate with your insurance company to help resolves these discrepancies.