Understanding Your Right to Recover Property Damages

Many people have insurance for their home or vehicle. This insurance can help cover the potential cost to repair or replace property after an incident. 

However, if an insurance company fails to provide an owner with fair compensation for property damages, the owner must file a property damage claim. Here is what you should know:

Why Would You Need to File a Property Damage Claim?

Property damage may occur as a result of natural disasters (flooding, fires, hail, etc.) or accidents (vehicle accidents, fallen trees, etc.). Damages could lead to security and safety risks, emotional distress and financial difficulties for owners. 

Unfortunately, insurance adjusters exist to protect the insurance company – not pay claims. An adjuster may seek to unfairly deny or devalue a claim. In those situations, the property owners need to aggressively assert their rights.

What Can You Recover From a Successful Property Damage Claim?

The type of compensation that can be recovered from a property damage claim often depends on the cost of repairing or replacing the property. Some common damages that can be recovered with a property damage claim include:

• Residential property damages: Repairs to a home may include fixing the roof, plumbing, foundation, doors or windows.
• Commercial property damages: A business owner may seek repairs or replacements for company vehicles, destruction of products or theft.
• Vehicle damages: A vehicle owner may seek damages to cover the costs of vehicle repairs or rental costs after an accident or natural disaster.
• Personal property: Individuals may seek replacements for electronics, tools, jewelry or other valuables.

Replacing or repairing property may not be the only cost that can be recovered with a property damage claim. In some cases, the cost to clean up damages, relocate residents or locate replacement parts can lead to additional expenses. 

How Long Do You Have to File a Property Damage Claim in Michigan?

It is crucial to understand that a property damage claim must be made within a deadline. In Michigan, the statute of limitations for a property damage claim is three years. This lawsuit can seek to repair or replace damaged or destroyed property. Failing to file a claim within three years could prevent a property owner from recovering compensation.

Legal guidance is available to property owners seeking fair compensation for their damages and losses.