This claim settlement study involves a 4-unit commercial apartment building in Fort Lauderdale, Florida that sustained water damage from a burst water heater.
The owner of the property was based out of New York, and at the recommendation of his local property manager, Claims Aid Consultants Public Adjusters was hired to help settle his underpaid water damage claim.
When the claim was initially filed by the owner, he claimed interior water damage to two units that was caused by a burst water heater in the upstairs unit.
The owner received a $26,600 settlement check from his insurance company for the property loss, however, the amount he collected wasn’t adequate to complete all the necessary repairs to the damaged units.
Fortunately, the downstairs tenant recorded a video documenting the amount of water that entered her unit from the burst water heater, which was substantial. This video was vital to our argument in requesting the additional funds needed to properly repair the damages sustained to both units.
After producing additional evidence and an accurate estimate of the damages, Claims Aid Consultants Public Adjusters were able to obtain a final settlement of $64,430 for our client! A net increase of $33,788 allowing him to complete all the necessary repairs to both units.
In fact, it is a common occurrence in the world of public insurance adjusting. It is the reason why hiring a public adjuster is essential to your success in recovering all the funds you are entitled to so you can properly repair your property after a loss.
If you are a property manager, homeowner or business owner, and it has not been more than 3 years since a a claim was filed for water damage to your property, or if you were unfairly denied by your insurance company, contact us today for a FREE, no obligation claim evaluation at 1-800-GET PAID.
While no one wants to experience a storm this year, planning and preparing will allow all of us to handle that event with less stress and far more safety. Hurricane preparedness is something we all need to focus on now, at the start of the season. If an occasion does arise when we have to place our plans into action, being prepared ahead of time will help tremendously.
While there are many resources available that go into great detail on how to create an effective and easy-to-use hurricane preparedness plan. We encourage you to take the time now to research a plan that is right for you; however, here are some common items to consider as you develop your plan for hurricane season 2020:
Should you ever need to file a claim with your homeowners insurance to help you recover from this type of loss, it is important that you review your policy carefully because hurricane deductibles are frequently higher than other covered perils and they can vary greatly.
If you are experiencing roof leaks, or staining on your ceiling you may have hurricane damage. Contact one of our licensed professional public adjusters at Claims Aid Consultants for a free inspection and evaluation today at 888-244-GET PAID.