The owners of a property in Salt Lake City, Utah are likely
up to their elbows in dealing with their insurance adjuster right now. The
property, an under-construction apartment building located at 540 E. 500 South
Street, was recently a victim of an intentionally set fire. The insurance
adjuster who provided the structure estimate says that the property has
suffered approximately 6 million dollars in damages. Sadly, the building has now been declared a
total loss.
What’s even sadder is that stories like this one are not
uncommon, and if one of your customer’s properties suffers a similar fate, you
need to know how to handle the claims process. One of the most important parts
of that process is arriving at a structural estimate. A good claims management
company will create an estimate based on each room and space within a given
property.
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