The plan for getting your loss adjusted and paid should also consider (both before a loss and most certainly after) issues that are specific to your property needs:
- Is your space worth rehabilitating? If it
is, then your company will need to contract for
design and construction services to rehabilitate the current
space or rebuild on site. If the space that will be rehabilitated is leased, your company needs to coordinate
its efforts with the landlord.
- If it is
not worth
rehabilitating, then your company must consider how it
will dispose of the
space (for example, selling the
property or
cancelling the
lease), and
how it
will acquire new permanent space. In
addition, your company
will need to contract for design and construction services for its new space. This
process should involve a z oning analysis to ensure that your company build what it needs and conduct its operations
on the chosen site.-How will you
operate on
a current basis? Whether
or not your company relocates,
it will likely need to lease temporary space to resume current operations. It may also need to rent space to store saved or salvageable equipment and inventory. -Depending on
the cause of the
loss (for instance, if
it was
a loss during construction/renovation), litigating against the party causing the loss (and its insurance
company) should be considered, either directly or through
your insurance company.
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