Property Damage Claims in Colorado
Did you know that the average Colorado home was worth $539,640 in 2023, according to Zillow? For many people, this represents their largest asset, so when property damage affects the value of their home, it can cause significant financial distress.
There may be legal remedies, however. If your property has been damaged, contact Flaxman Law Group for a free, no obligation consultation with a Colorado property damage claims attorney who can review your situation and can explain whether you have a claim.What is a Property Damage Claim?
A property damage claim in Colorado happens when property damage happens, and you turn to the legal system or insurers to seek compensation. This can happen due to:
- Car accidents. If your vehicle or home has been damaged in a car accident caused by the negligence of another party, you may have a claim.
- Natural disasters. A flood, fire, earthquake, avalanche, or other natural disaster can cause damage to your property and in these instances, you may be entitled to compensation from your insurance company or other responsible parties.
- Willful damage. In some cases, people may internationally damage your property through vandalism, arson, or another crime.
- Faulty construction or repairs. If your property has been damaged due to the negligence of a contractor or construction company, you may be entitled to compensation for your damages. If a neighbor is repairing their property and their actions damage your property, you may also have a claim.
- Water damage. If your property has been damaged due to a burst pipe, leaking roof, mold, or other water damage, you may be entitled to compensation from your insurance company or other parties.
If your property is damaged, your priorities are to stay safe, reduce further damage, and protect your rights. Here's how to do that:
- Document the damage. Take pictures and videos of the damage to your property as soon as possible. Take video and photos from several angles, if possible. Write down exactly when and how the damage happened. Keep any bills for repairs you undertake or any hotel rooms you need while your property is uninhabitable. If you get estimates for repairs, keep them so you can show your insurance company how much the repairs could cost.
- Report the damage. Report the situation to your insurance company. If the property damage may have involved a crime such as arson, contact local law enforcement.
- Contact an attorney. Even if you have homeowners' insurance, it doesn't mean you will get fair compensation for your damages. You may wish to consult with a Colorado property damage claims attorney to get an opinion about how much your claim may be worth.
If you've sustained property damage in Colorado, you may end up spending more than you think. You may need to pay for:
- Repair or replacement costs.
- Reduced value of the property, which could impact your ability to resell.
- Loss of use, for as long as you can't use the property.
- Incidental costs, such as the costs of eating at restaurants while your kitchen is not usable.
- Medical costs, if property damage causes exposure to mold or other toxic substances.
Insurance companies are interested in settling claims quickly and may not provide compensation for all of the above, which means you're left paying these costs out of pocket. The role of your Colorado property damage claims attorney is to evaluate the honest, full costs of your situation and seek compensation for you. They can also help you navigate the complex claims process.
If your property has been damaged in Colorado, don't wait. Contact Flaxman Law Group at 970-999-0530 to speak to a caring Colorado property damage claims attorney who can review all the details of your case with you so you can make an informed decision about what to do next. We're happy to offer a no obligation, no cost case evaluation so there is no risk to you in getting answers to your questions.