3. You missed the filing deadline Commercial insurance policies often have a time limit they set themselves or set by the state within which claims must be filed.

Fewer than 1 percent of residents in hard-hit Buncombe County, N.C., home to the arts haven of Asheville, had federal coverage, according to the Insurance Information Institute, an industry group.

1. You don’t have the right insurance coverage A claim may be denied if a business doesn’t have the right insurance coverage for a specific incident.