On March 3, an estimated 12 tornados with record-breaking wind speeds ravaged homes, businesses, schools, and other structures across Nashville.
Tragically, as a result, 25 people reportedly lost their lives and hundreds of others sustained injuries.
Following the event, over 73,000 homes had no power. 10,000 of those households even had to go without it for several days.
The startling amount of damages has had a huge economic impact on people and organizations across the city. And recovering financially isn’t always easy – especially when filing insurance claims.
In fact, sometimes people can still struggle to get adequate payouts from insurance companies, even when they have an active policy. If you are one of those with claims being denied, consider seeking out the help of a reputable public adjuster in Nashville. With damages estimated to be in the billions, public adjusters can help people get the compensation they deserve.
Current Estimation of Damages
According to an analysis by AccuWeather, total damages across the city are likely somewhere between $1.5 billion and $2 billion dollars.
This estimate includes all structural damages to businesses, homes, and cars along with their contents. Additionally, it includes the value of “job and wage losses, infrastructure damage, auxiliary business losses, and school closures”.
Also included in this estimate are the costs of:
- Power outages
- Economic losses due to highway closures
- Economic losses due to evacuations and
- Government cleanup expenses
In terms of the number of buildings affected, AccuWeather estimates in Putnam county alone, over 100 structures sustained damages.
Other counties with a large number of damages include Davidson, Smith, and Wilson counties.
While a total count of damaged buildings is still unknown, experts estimate that it is in the thousands.
Significant Damage at Tennessee State University
Of the nearly 2 billion dollars in total damages, a significant portion of that was at Tennessee State University (TSU).
According to recent reports, TSU estimates a total loss of around $20 million.
TSU’s chief of staff, Dr. Curtis Johnson, asserted that the majority of that damage was at the university’s agriculture farm. The agriculture farm, which is still located near the main campus, lost four buildings along with two calves.
Insurance Claims a Common Problem
In times of disaster, many people often have problems with filing insurance claims. Sometimes this can be due to a filing error, or, perhaps you have a missed payment on file. Other times, when you go to claim an item, an insurer may question its true value.
Whatever the reason, insurers can always find a way to either refuse a claim or only pay a percentage.
This can be detrimental for people coping with the aftermath of a disaster.
Let Public Adjusters in Nashville Help You
It can feel intimidating taking on a big insurance company on your own. However, for those with denied claims in the weeks following March 3, there are organizations out there who can stand alongside you.
With the help of reputable public adjusters in Nashville, you can not only stand up for yourself and your family, but you can get the compensation you deserve.