Now is the time to educate yourself on how to calculate damages from business interruption due to COVID-19, advised Kerrie Merrifield
(Axiom Forensics) at the recent NACVA and the CTI’s 2020 Financial Valuation Virtual Conference
. While she points out that insurers have been categorically denying claims and discouraging their clients from filing, the loss event has not ended yet, so there will be a flood of claims when this is all over. That means a “great demand” for financial experts in this niche, she says. In the meantime, Merrifield advises experts to read policies very carefully, work with a public adjuster or attorney, and document all the work done in the matter, including following up phone calls with confirming emails.
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