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The coronavirus has upended lives and businesses around the globe. From business interruption and supply chain disruption to event and travel cancellations, we are only just seeing the beginning stages of COVID-19's impact. These articles provide valuable insights on insurance coverage, preparation tips and more to help individuals and businesses reduce exposures as the virus spreads.

Analysis

Tax disaster claims offer pandemic relief for some property owners

Right now, at least 11 states have some sort of valuation relief or tax deferral program related to disasters.

By Les Shaver | May 14, 2020 at 09:30 AM
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Property tax disaster relief claims allow owners to lower and even defer their property tax payments, says Douglas Mo. (Photo: Shutterstock) Property tax disaster relief claims allow owners to lower and even defer their property tax payments, says Douglas Mo. (Photo: Shutterstock)

As the economic fallout from COVID-19 continues to unfold, and insurance agents and brokers struggle to respond to mounting business interruption claims, commercial property owners whose tenants are asking for rent relief may have one more card to play.

Property tax disaster relief claims allow owners to lower and even defer their property tax payments, says Douglas Mo, counsel at Eversheds Sutherland.

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