I am having four textile shops in a shopping complex building in Kerala. Few days back a shoe shop was on fire and the whole building got affected. Even after five days electricity has not been restored and all the shops remain closed. All the textile goods of my two shops, part of my third shop are completely destroyed from the smoke and carbon of the shoe shop. The interior of one of my shops got damaged completely. None of my shops or goods is insured. The building is also not insured. The shoe shop has insurance. I would like to know if there is any possible way that I can claim my loss from the shoe shop owner. Please reply.
2006-07-23 21:43:27 · 5 answers · asked by Anonymous in Business & Finance ➔ Insurance
Obtain the Cause and Origin report from the fire department (C&O) to prove that the fire started in the shoe shop. With that report you should have no problems with presenting your claim for the damages sustained by your business. Be sure to gather an inventory list for your lost textile goods etc. Gather up your tax records, income reports etc. to prove your business interruption claim (income loss).
- Be sure to present proof of your claim - in writing - to the shoe shop owner's insurance co. If you do not know his carrier's name and he is uncooperative, then send him a certified letter making your claim for damages and request he immediately report the claim to his liability carrier. Give him 10 days to do so. If he ignores you or you don't hear from his carrier within 20 days of sending the letter find a good plaintiff lawyer.
good luck!
2006-07-27 10:40:22 · answer #1 · answered by Anonymous · 0⤊ 0⤋
Get the Insurance company name and phone number from the shoe shop owner and file a claim for damages.
His insurance company will do an investigation to determine the cause and origin of the fire with the fire department.
If your claim is denied then make them give you a copy of the fire investigation report.
Only hire an attorney if you are getting the run around and no response from the insurance company as his fees will be deducted from your total settlement amount.
You definitely have a third party claim for damages but the cause of the fire is the liability factor that will determine if the shoe shop owner's insurance company will pay or not.
2006-07-24 06:23:36 · answer #2 · answered by Kamikazeâ?ºKid 5 · 1⤊ 0⤋
You'd have to sue them, and if they are found liable for the fire, then you *may* be able to recover some damages.
The cause of the fire will be a key issue - if it's the fault fo the shop owner, or if it's just an accident.
2006-07-24 01:47:55 · answer #3 · answered by Anonymous 7 · 0⤊ 0⤋
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2016-12-10 14:35:51 · answer #4 · answered by ? 4 · 0⤊ 0⤋
read some articles on insurance on this site
2006-07-23 21:46:30 · answer #5 · answered by eric 3 · 0⤊ 0⤋