Business Interruption Insurance in Victoria

By the time Hurricane Harvey was over, it had dumped more than 51 inches of water across the southern inland area of Texas. The flooding especially ravaged the towns of Houston and other nearby towns like Victoria and Goliad. Unfortunately, most of the destruction and damage left behind in the wake of Hurricane Harvey totals somewhere between $5 and $10 billion.

Harvey has already solidified its reputation as the strongest hurricane to make landfall in the United States since Hurricane Rita. Despite receiving forewarning of its inevitable arrival, Texas was grossly underprepared for the brute force of Harvey. Experts determine that more than 70% of home damages done by Hurricane Harvey are not covered in homeowner’s insurance policies, and businesses were just as dramatically affected and unprepared to handle the after effects of the storm.

Many businesses in Victoria lost entire walls and ceilings as Harvey’s wind tore into these structures and water seeped through and flooded ground floors. Some businesses were even damaged beyond repair, effectively ending the company’s chance to ever recover their operations. Many counted themselves lucky if they only were forced to close their doors for many days to repair interiors and reconstruct exteriors. Countless other unforeseen issues surrounding the damage left behind by the storm have otherwise continued to cause interruption in regular business practices, hours, and income.

Because of Harvey’s destruction, these businesses completely lost the ability to operate due to issues like flooding and roof damage. This interim for these businesses’ lost opportunity and functionality – known in the legal world as ‘business interruption’ – has not only affected many companies’ finances in Victoria,, but their employees in a dramatic way. The operational time lost equates to a lack of generated capital, thus a loss of income and profits that can create a restriction in wage flow, reduction of product value, and unwanted time off from regular business hours.

As you attempt to rebuild, financial stability may prove to be your most important asset. These complications can make paying a storefront lease or inventory shipments even more difficult while you try to repair any structural damage to the building itself. Just as Texas homeowners were unprepared for a storm of Harvey’s historic proportions, many Texas business owners have begun encountering obstacles related to obtaining compensation for business losses without the preparation of appropriate business interruption insurance in Victoria.

Lack of proper business insurance may lead to loss of income in the short term, but unfortunately, the effects can be much more far-reaching. For example, at the time of the hurricane there may have been opportunities on the horizon for expanding or diversifying your business. Regardless of the reason, even the best laid plans often evaporate in the event of business stoppage, and with private residents, emergency workers, and scam artists clambering over themselves, you’ll likely need to the insight of a skilled attorney to come out on top.

If you are one of the hundreds of people in Victoria whose business was affected by Hurricane Harvey, chances are you have questions about what your specific business insurance policy covers, including whether or not your policy includes business interruption insurance in Victoria. Fortunately, there is a Carabin Shaw Victoria hurricane insurance claims lawyer ready to answer all your questions and set you on a path towards the speediest recovery for yourself, your business, and your life, whether or not your policy includes special protection in the event of business interruption.

Further complications can arise when your insurance does get involved. Insurance companies and adjusters do not always value the claim victim as their number one priority when constructing their appraisal. Even if they do, it might be days or weeks before an adjuster can safely make it out to your property and physically assess the damage. Even then, the insurance company may attempt to minimize your damages and counter at a much lower rate than is expected or appropriate.

In these cases, legal representation can be the difference peace and poverty. Contact the experienced attorneys at Carabin Shaw today for legal guidance through the claims procedures of business interruption insurance in Victoria. We will help you navigate the process of reclaiming your life, business, income, and all other losses incurred. Our attorneys handle all types of claims for business properties affected by Harvey’s winds and rain, including:

• Roof damage
• Loss of product stock
• Flood and water damage
• Structural damage
• Lost. unrecovered, or damage valuables
• Loss of earnings

When you contact us, a lawyer from our firm will provide you with an initial consultation, free of charge and obligation, to answer all your questions. We want to help make you aware of every best option with your Victoria hurricane claim. We even have bilingual lawyers standing by who are prepared to handle the cases and claims of all of our Spanish speaking clients. Contact the attorneys at Carabin Shaw serving the Victoria area today, and let us help you get your business running again.