That should help Powder Valley get insurance money quickly. Still have to hassle with the insurance companies anyway, but those investigations will help a ton.
Their $$ status, between fire and insurance company coverage returns, will not be easy. Faster insurance turnaround will help a lot.
There won't be any hassle with their insurance carrier. The issues will be establishing inventory value and policy limits. The really big issues will be getting permits from the local government to rebuild.
If the fire was determined to be accidental the type of accident makes a difference. Was it faulty wiring? Is there a wiring contractor that needs to be put on notice of pending subrogation? Was the accident due to human negligence? Does that person and their insurance carrier need to be put on notice of pending subrogation? Was it an act of god, like wind, lightning, animal related or other natural occurrence that caused the fire?
Guys that make the kind of comment above amuse me. They are the same guys that want complete paint jobs over a door ding, or want a new transmission because they got bumped in traffic, then claim the insurance company screwed them when they don't get it. Insurance companies and their adjusters don't give two shits about your individual claim's legitimate value. They just want to settle the claim and move on to the next one. In a case like Powder Valley there will be some leg work to establish the value of inventory in a revolving inventory warehouse but that will all be settled long before they have a building built and ready to move in to.
not that I’ve ever had a problem with it.
