Rental Losses after a Hurricane

After a hurricane, there is often devastating damage in its wake. Among some of the most major losses are those affecting homes and rental properties. For those who rent out properties, this damage not only forces them to face the burden of repairing the property, but also prevents them from collecting rent. This has left many property owners financially strained. Unfortunately, as our legal team at Williams Hart is all too aware, this strain is often exacerbated by insurance agents acting unfairly and not properly compensating their policy holders.

The Effects of Rental Losses

Collecting rent from tenants is a critical part of renting out any property, especially as this rent supports a number of needs. Typically, rent is used for the following purposes:

  • Cleaning the property
  • Repairs for broken appliances and damage
  • Replacement of worn or damaged structures
  • Amenities and facilities improvements
  • Taxes and property mortgage

Without regular renters, a property owner might be unable to support his or her costs in maintaining the property. This may, in turn, lead to the loss of that property based on an inability to pay bills. Additionally, many people rely on the income that renting out properties can provide, meaning such losses can greatly impact their overall financial status.

Contact a Hurricane Damage Attorney Today

If you sustained rental losses after a hurricane and had insurance protecting your property, you should be fairly compensated by your insurer. However, if your insurance company is acting in bad faith, our attorneys at Williams Hart can help you fight for the financial assistance you need. Call us today at (713) 352-0031 to learn more about your legal options in this difficult situation.

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