A house fire is a terrifying event that can lead to extensive damages, including significant property losses. After a fire, you and your family are likely searching for stable footing. In the aftermath of such a tumultuous event, you are left reeling with the reality of losing your home on top of finding the next steps forward. Anspach Law Office delivers legal guidance for those affected by fire loss. We understand how big of a burden the claims process can be, so our attorneys are prepared to assist you.
You may wonder how fire losses are calculated. Illinois laws hold several provisions that can help you set realistic expectations regarding the damages that may be collected in your case. To uncover what your insurance should cover and how you can boost your chances of receiving compensation, schedule a consultation with our team.
Since fire can ravage a home or property quickly, you have likely suffered major losses. In order to obtain compensation, you will need to negotiate with the insurance company, and this can be a challenging process. Homeowners insurance has a fire loss policy that should cover losses to personal possessions and structural damage. Unfortunately, insurance companies often use tactics to limit the amount of compensation you may receive. Do not be disheartened, as an attorney can defend your rights and pave a way forward.
Before you can claim damages, you will need to calculate the approximate value of property that was lost. This amount is calculated using the following factors:
In most cases, fire departments use the International Code Council’s (ICC) Building Valuation Data formula to determine losses. This formula compares the property’s total square footage to the total construction costs per square foot. For example, if a 1,000-square-foot home is completely destroyed, you will multiply its total square footage by the average construction cost per square foot.
If you’ve experienced a home fire and wish to collect damages, an attorney can strengthen your claim. We are familiar with the tricks that insurance companies use to lower your compensation, so we can quickly help you estimate your lost damages so you can rebuild your life. Call Anspach Law Office today to schedule an initial consultation to discuss the specifics of your situation.