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Plano Commercial Property Insurance Lawyer

Business owners seek out commercial property insurance to protect their commercial buildings in case it is  damaged or destroyed. The type of losses covered under the policy will depend on its specifics, but generally a basic form commercial property insurance policy will cover businesses from risks such as fire, windstorms, hailstorm, vandalism or lightning.

Any damage to your commercial property puts a dent in your wallet. That’s why most business owners immediately file a claim after their commercial property has sustained damage.  Navigating through the claim process can be tough.  Although you have faithfully paid your insurance premiums, your insurance companies may  delay, underpay or deny your claim. Often it is because the insured does not know the full extent of the damage to their commercial property or the coverages available under the policy.

Commercial Property Insurance Lawyer in Collin County, Texas

If you need help identifying the full extent of the damage to your commercial property or fighting an unfair denial by your insurance company, consulting with one of our experienced Plano commercial property insurance claims attorneys at LeMaster & Ahmed, PLLC. With more than 30 years of combined experience, Ms. Ahmed and Ms. LeMaster know what it takes to negotiate a settlement of your covered claims.

Set up a case evaluation with LeMaster & Ahmed, PLLC by calling (866) 984-4556. We can examine your situation and determine if coverage exists for your claim. Our firm is located in Plano, but we practice throughout Collin County including McKinney, Murphy, Lowry Crossing, Lavon, Princeton, Celina, Anna and Blue Ridge.

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What Type of Coverage Does Commercial Property Insurance Have?

The purpose of commercial property insurance is to provide coverage for the  commercial building you have insured. It also covers any content owned by the insured such as office furniture, TVs, or office supplies. Commercial property policies also typically include business interruption coverage for loss of business income caused by a covered loss.  Texas insurance providers offer three types of commercial property insurance for policyholders to choose from: the basic form policy, the broad form policy, and the special form policy. Each have their own limitations and offer coverage for different types of losses.

Listed below is a brief explanation of each commercial property coverage type offered in Texas.

  • Basic Form Policy – Business owners normally will purchase at least a standard commercial property insurance policy, also known as a basic form policy. This type of property insurance policy normally covers the following types of losses:
    • Lightning
    • Smoke
    • Vandalism
    • Sprinkler leaks
    • Vehicle and aircraft collisions
    • Sinkholes
    • Hail
    • Riot and civil commotion
    • Volcanoes
    • Fire
    • Explosions
    • Windstorms
  • Broad Form Policy – Those looking for a more comprehensive form of coverage tend to purchase a broad form policy. Broad form policies will protect your business facilities from the losses included in a basic form policy, but it also includes other losses such as structural collapses, falling objects, leaking appliances, and weights of ice, sleet or snow.
  • Special Form Policy – Policyholders who want more extensive coverage for their commercial property can purchase a special form policy. This type of policy provides coverage for all the losses listed above except for those specifically listed as exclusions. Some common losses excluded from a special form policy will include flood damage, earth movement, damage from war or nuclear disaster, as well as wear and tear.

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Should I Sue My Insurance Company?

The purpose of insurance is to help the policyholder to recover following a covered loss. Insurance providers who refuse to uphold their duties and deny your claim without a proper reason are not acting in good faith. It is your legal right to sue for breach of the insurance policy and violation of the Texas Insurance Code if your insurer did not act in good faith. Examples of conduct which would violate the Texas Insurance Code include:

  • Denying a claim without a reasonable investigation;
  • Failing to provide formal written letter detailing an explanation after a denial;
  • Failure to accept or deny a claim in a reasonable amount of time;
  • Denying coverage on the basis that other coverage may be available;
  • Refusing to pay a claim or increase premiums because of the policyholder’s race, religion, gender or other characteristics.

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Local Civil Court Resources in Collin County, Texas

Collin County District Courts – All civil suits where the minimum in damages disputed is at least $200 occurs occur at the Collin County District Courts. Access their site to view their rules of the court, court locations, appointed justices, and other relevant information.

Collin County Clerk – Court records and documents related to your suit are filed at the Collin County Clerk’s Office. Gain access to their site so you can learn more about how to e-file important documents, pay a court related fine, or search the public records.

Texas Department of Insurance – The job of the Texas Department of Insurance is to regulate insurance companies and ensure they are following the regulations set forth by the Insurance Code. In addition to overseeing insurance companies, the administration of worker compensation systems as provided by the Texas Labor Code.

Texas Insurance Code – Visit the official website for Texas Statutes to learn more about the laws and regulations for insurance providers in the Insurance Code. Access the site to learn more about unfair settlement practices defined under Texas law, how long you can wait to sue your insurance company and other relevant information.

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Plano Lawyer for Commercial Property Insurance Claims in Texas

Has your insurer improperly disputed, delayed or denied your commercial property damage claim? Do you believe you’re being mistreated by your insurance company? If so, consult with our Plano property insurance attorneys at LeMaster & Ahmed, PLLC to determine if you have a case. Contact LeMaster & Ahmed, PLLC and have our experienced Collin County insurance claims attorneys advocate for your rights under the policy.

Set up your first case evaluation by calling LeMaster & Ahmed, PLLC at (866) 984-4556. LeMaster & Ahmed, PLLC accepts clients throughout the greater Collin County area including McKinney, Plano, Dallas, Frisco, Josephine, Celina, Allen, Anna, Blue Ridge, Murphy, Lowry Crossing, Lavon and Princeton.