Recovering Rental and Concession Losses for Property Management Companies

Long after the incident itself, the effects of hurricanes can continue to affect property management companies along the eastern seaboard. Without a customer base to draw upon, many of these companies were incapable of generating the income they would otherwise depend upon. Moreover, many property management companies continued to sustain losses throughout the course of repairs to the property they manage.

Losses Accrued During the Course of Repairs

While most property management companies carry insurance policies to protect themselves from the loss of business during this period of time, many insurers failed to adequately address those claims. As such, many property management companies have been forced to shoulder the financial burdens associated with their loss of business, including those related to the following:

  • The loss of concession income
  • The loss of rental income

Our legal team understands how potentially devastating these losses can be for businesses; we may help you prepare a legal strategy intended to help you recover compensation from your insurer that is consistent with the exact terms of your policy.

Consult with a Property Management Attorney

If your property management company sustained losses during the course of repairs, you should speak to one of the property management attorneys at Williams Hart to learn more about the legal options that may be available to you. To discuss the particulars of your situation with one of our dedicated attorneys, please call our offices at (713) 352-0031 today.

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