Asset Management

Recovering from Hurricane Sandy

Hurricane Sandy was a devastating storm that affected millions of businesses. Not only have business owners struggled with the loss of electricity that led to days of work lost, but they’ve had to cope with the extensive damage done to their assets because of water and wind damage.
Businesses that have experienced losses like these are likely starting to deal with insurance companies and need the process to go as quickly and as smoothly as possible. Often, in cases like these, business owners find the services of an appraiser helpful. An appraiser can help a business owner decide if the insurance companies’ offers are reasonable.

Anyone who has dealt with filing insurance claims knows that the process can be a long and difficult one, but the more quickly you can get an asset list and appraiser documentation together, the more quickly you will receive reimbursement.

Natural disasters like Hurricane Sandy can be costly. Insurance companies don’t always cover all of the costs of a business owner’s damages, and any time spent being out of operation results in money lost. If you need to get your business going quickly, there are alternative options available. For example, the Small Business Association offers low-interest disaster recovery loans that can be put toward getting the business running again, like fixing damaged equipment or purchasing new equipment if the original is beyond repair. In these cases, having an appraisal report on hand can speed up the loan process.

EquipNet wants to do everything possible to help our customers recover from the hurricane. If you need appraisal assistance while getting your business running again, contact us today.

Categorias: Asset Management

Tags: ,