This past year, 2023, has seen record-breaking amounts of large-scale natural disasters caused by weather or climate in the United States, with each disaster averaging total losses of over $1 billion. As the state of insurance coverage continues to pose questions for homeowners, with some states increasing prices and others pulling out of states entirely, now more than ever, property owners are unsure what damage recovery will look like when disaster strikes. As a necessary component of the recovery process during water and fire disasters, restoration companies remain at the forefront of damage remediation and, as a result, are impacted by this unexpected movement from insurance partners.
Damage restoration and insurance go hand in hand when providing clients with remediation services—offering them a fresh start in a rapid and efficient way. During times of uncertainty, it’s more important than ever for restoration professionals to prioritize the creation of a mutually beneficial partnership with local insurance companies, adjusters, or agents.
Source: How Restoration Brands Can Balance a Mutually Beneficial Relationship With Insurance Companies