How To Estimate Fire Damage

5/17/2019 (Permalink)

Fire damage restoration in an O'Fallon, MO, home

The cost of fire damage restoration can range from a few thousand dollars all the way up to $20,000 or more. Read on to learn more about how restoration professionals estimate the cost of a commercial fire.

Calculate Cleaning, Repair, and Replacement Costs

Restoration costs are determined by the extent of the damage. Many commercial properties have fire suppression systems that limit the amount of damage. Expenses will increase depending on several factors.

• The amount of damaged building materials and contents
  
• Materials or contents that can be cleaned
  
• Materials or contents that must be replaced
  
  

Some expense is involved in any restoration strategy. Professionals can ensure that mitigation measures are performed in a cost-effective and efficient manner.

Get an Estimate From a Restoration Company

A restoration company will assess damage and calculate a price for an insurance adjuster based on a variety of criteria:

• The extent of a rebuild
  
• The cost of cleaning or replacing materials and contents
  
• The duration of the restoration process
  
  

After professionals provide an estimate of the damage, property owners should have a clearer sense of the cost of restoration.

Check Your Insurance Policy

A commercial property insurance policy should cover all damage caused by a fire. The policyholder is responsible for paying the deductible. An adjuster will need to perform several tasks:

• Determining the cause of the fire
  
• Confirming damage reported by the owner or restoration service
  
• Processing the claim
  
  

Policyholders should familiarize themselves with the terms and limits of commercial property insurance coverage. The cost of a policy may go up after a fire.

The overall cost of a fire is determined by the extent of the damage, the types of restoration required, and the level of insurance coverage. After a fire at a commercial building in O'Fallon,MO, the property owner should call his or her insurance provider and schedule a consultation with a fire damage mitigation and restoration company to obtain an estimate and begin the rebuilding process.