JF Public Adjusters Delivers Victory in Brooklyn, NY Commercial Property Fire Insurance Claim

In the heart of bustling Brooklyn, New York, a commercial property was confronted with the daunting aftermath of a destructive fire and smoke damage, caused by an unfortunate bicycle battery incident. Eager to secure a just and comprehensive settlement from their insurance company to aid in recovery, the property owner enlisted the expertise of JF Public Adjusters right from the outset. However, despite the our ardent efforts to negotiate with the insurer, an impasse was reached. At this critical juncture, JF Public Adjusters invoked the appraisal clause, paving the way for a thorough and unbiased assessment of the damages, ultimately leading to a triumph for our valued client.

Unwavering Dedication and Stalled Negotiations: Recognizing the importance of professional representation, the insured made a prudent decision to engage the services of JF Public Adjusters early in the claims process. The JF Public Adjusters team completed all the preliminaries – policy review, inspections, preparation of estimates – and promptly commenced negotiations with the insurance company. However, despite presenting compelling evidence and advocating resolutely for a fair settlement, the insurer remained entrenched in their position with an offer of settlement of a mere $128,000 on the table. JF Public Adjusters’ position was that the loss was double that.

The Strategic Move: Invocation of the Appraisal Clause: Determined to ensure that our client receives a just compensation, JF Public Adjusters employed a strategic approach and invoked the appraisal clause. This critical step allowed for an impartial and independent evaluation of the damages, effectively separating the assessment process from the insurer’s initial valuation. The appraisal proved to be a pivotal moment, offering an objective perspective on the true extent of the loss.

Triumph in Equitable Compensation: The invocation of the appraisal clause marked a turning point in the claims process, yielding a resounding victory for the insured and JF Public Adjusters alike. The appraisal process resulted in an award of $289,000 (Replacement Cost Value) —an impressive $161,000 more than the insurer’s initial offer. This substantial difference ensured the insured received the full compensation they rightfully deserved, facilitating a complete restoration of their property and providing the means for a fresh start.

In the face of formidable challenges, JF Public Adjusters demonstrated exceptional acumen as advocates for a New York commercial property owner seeking fair compensation for fire and smoke damage.

From the outset, the team exhibited unwavering dedication, striving to negotiate with the insurer on behalf of the client. The tactical decision to invoke the appraisal clause that served as a pivotal catalyst, leading to an impartial assessment and a triumphant settlement of $289,000—a testament to the indispensable role public adjusters play in safeguarding the rights and interests of policyholders. Through skillful representation, JF Public Adjusters proved instrumental in securing a just outcome, empowering the insured to restore their property and forge ahead with confidence.