AUSTIN, Texas, Dec. 6, 2012 /PRNewswire/ --
Superstorm Sandy Insurance Claims...One Month Later
It's been one month since the record breaking 1,000 mile Superstorm Sandy slammed into the East coast. Preliminary estimates of losses due to damage and business interruption are estimated at $65.6 billion ( 2012 USD), which would make it the second-costliest Atlantic hurricane, behind only Hurricane Katrina.
The vast majority of the property damage is in New York and New Jersey. Sandy damaged or destroyed homes and businesses, more than 72,000 in New Jersey alone, according to Gov. Chris Christie. Nor'easter complicates insurance for Sandy-struck businesses
Businesses and property owners in New York, Delaware and New Jersey that were preparing insurance claims for losses from Superstorm Sandy now have a second headache: how to deal with new losses from an early winter snow storm.The Nor'easter is technically a 2nd occurrence. Insurance experts say the Nor'easter will only complicate what was already going to be a difficult and prolonged negotiation between commercial policy holders and insurance companies over what was covered, when and for how long. Today, many property and business owners are frustrated dealing with insurance claims in the aftermath of Sandy and the Nor'Easter. Most insurance claims in the United States are grossly underpaid. In some cases, policyholders may choose to work with a public adjuster. Do you need a public adjuster?
- Are you dealing with a wind storm insurance claim seeking an advocate who represents your interests, NOT the insurance company?
- Do you have no time, expertise or desire to deal with the burden of an insurance claim?