Assessing And Evaluating A Commercial Loss
A systematic approach to accessing commercial building damage will help efficiently determine the claim settlement for the insured. Relevant floor plans or blueprints must be secured of the building areas that sustained damage. The customer may have copies of the tenant build-out, fire escape plan, or a recent sales brochure that will document the commercial building space that sustained damage. And of course, if they have an ERP, an Emergency Ready Profile from their professional SERVPRO representative, this will help during this process as well! The wall, floor, and ceiling construction must be properly documented in each damaged area of the building. Trade fixtures or improvements within the damaged areas of the building must also be identified. Items that are unique to the commercial structure must be identified such as alarm systems, fire suppression systems, and commercial kitchen and mechanical equipment. A cost estimate for the damages, including a proper accounting of all measurements, quantities, labor hours, and material allowances must also be completed. Timely completion of the estimate is always important!