Minneapolis Property Damage Recovery Lawyers

Serving Personal & Commercial Property Owners in Hennepin County & Twin Cities Metro

Suffering property loss, whether it involves your home, vehicle, or business, can result in significant financial hardship. Fire, other natural disasters, criminal theft, or negligence can cause property damage. As a policyholder in such situations, you rightfully expect the complete assistance and support you need from insurers who have happily taken your money in premiums. However, prompt and full financial recovery may not be easily secured for many reasons. 

In some cases, compensation may need to be pursued directly from the party that caused the damage; this could occur if the damage involved exceeds the terms of an insurance policy. An example of this would be a car accident in which the at-fault driver’s auto insurance policy does not cover the full extent of the injuries and losses they incurred.

At RWI Law, we can represent you in property damage recovery claims. Our team has helped homeowners, renters, vehicle owners, and business owners who have suffered damage and business disruption in such cases. If you are experiencing runarounds, delays, denials, or unfair payouts on claims, we may be able to help you pursue full and rightful recovery for your losses. 

Reserve your consultation appointment with a Minneapolis property damage recovery attorney by calling (320) 408-2614. You can also contact RWI Law online. 

Overview of Property Damage

Various types of property can be subject to damage and eligible for recovery, depending on the terms of your insurance policy. 

This includes:

Personal Property

Personal property can include vehicles, electronics, jewelry, and other belongings. Determining compensatory value can be complicated for individual or family heirlooms or other property with sentimental value because they may be irreplaceable.

Real Property

Real property in recovery claims can include residential homes, commercial buildings, land, and immovable structures. Business property can consist of equipment, inventory, and other assets essential to the operation of your business. 

Damaged Property

Damage can result from multiple causes, such as accidents like traffic crashes, construction mishaps, or slip-and-fall incidents. Natural disasters like floods, fires, earthquakes, tornados, and hurricanes can severely damage all property types. 

Vandalism can result in intentional destruction or defacement of property. Finally, negligence, such as failure to maintain infrastructure, can lead to damage, such as burst pipes or faulty wiring.

Insurers Liability for Property Damage Recovery 

Insurance companies play a pivotal role in property damage recovery by providing financial compensation to policyholders who have sustained such damage. When an individual or business purchases a property insurance policy, they enter into a contractual agreement with the insurance company. This agreement obligates the insurer to cover specific types of damage as outlined in the policy terms. 

In cases where the damage falls within the scope of the coverage, the insurance company is liable for repair or replacement cost compensation. However, insurers can sometimes be liable for additional claims if they act in bad faith. 

Insurance Bad Faith

Bad faith conduct by insurers may include unfairly denying a valid claim, delaying the claims process, or underpaying the amount owed based on the policy. When such instances occur, you may have grounds to file a lawsuit against the insurance company to recover the original claim amount and additional damages for the insurer's misconduct.

Policyholders should carefully review their insurance policies, document all communications and steps taken during the claims process, and seek legal assistance if they encounter issues securing fair compensation. Our team can offer legal guidance and representation in pursuing property damage recovery through insurance policies created to provide necessary financial recovery.

What Types of "Recovery" or Damages May Be Available?

Depending on the circumstances, several types of recovery or damages may be pursued:

• Actual damages: Compensation for the actual cost of repairing or replacing the damaged property.
• Consequential damages: Costs related to the loss of use of the property, lost income, or additional expenses incurred.
• Punitive damages: In cases involving egregious or intentional misconduct, additional damages may be awarded to punish and deter the responsible party.

Steps to Pursue Property Damage Recovery

Specific steps should be taken to effectively pursue a property damage recovery. Thoroughly assess and document the extent of the damage. Seek legal advice to determine the viability of your claim and the best course of action. 

You can submit a claim to the responsible party’s insurance or file a lawsuit if necessary. This is generally followed by negotiations with the responsible party or insurer to reach a fair settlement. If such a settlement cannot be reached, be prepared to take the case to civil court with experienced and assertive legal representation. 

At RWI Law, we can help you with the above steps. You may seek recovery from individuals, such as drivers, tenants, neighbors, or companies whose operations or employees led to your property damage. Government agencies responsible for maintaining public property or infrastructure may also be liable in some instances. 

No matter the responsible party, whether an insurer or someone else, our team can guide you through the property damage recovery process using our extensive experience in civil litigation cases. 

Reach us online or at (320) 408-2614 to schedule a consultation with a Minneapolis property damage recovery lawyer about your case.