Here are some of our largest settlements, success stories and ongoing claims:
| Property |
Original Offer |
Final Settlement |
| Victoria Medical Center |
$0 |
$2,500,000 |
| First Alliance Church |
$250,000 |
$1,000,000 |
| Royal Harbor Condominiums |
$250,000 |
$1,200,000 |
| Continental Condominium Association |
$395,000 |
$1,500,000 |
| Holiday Inn of Vero Beach |
$0 |
$705,000 |
| Imperial House Condominiums |
$300,000 |
$1,000,000 |
49th Street Condominium
Association,
Pompano Beach, FL |
$0 |
$1.2 Million |
| Gulf World Marine Park |
$10,000 |
$100,000 |
| Courtyards Of
Boca- Boca Raton, FL |
$100,000 |
$4.6 million |
| Waveland Resort,
Waveland, MS |
$300,000 |
$2 million+ |
Gabriel Towers Condominiums,
Pompano Beach, FL |
$300,000 |
$1.5 million |
| Emerald Point Condominiums,
Lauderhill, FL |
|
Negotiated
$12 million settlement |
Example Claim
63-Room, 30,000-Square Foot Mansion
Burns to the Ground
The owners bought this house for $900,000 only 3-1/2 months
before the fire, and it was in poor condition.
The owner's original public adjuster wasn't qualified to
assess the damage. The public adjusting firm's construction
expert figured $5.9 Million to rebuild the mansion. Even
the insurance company's construction expert estimated it
would cost only $1.8 Million to rebuild. Because of the house's
unique architecture and complexity, and because they didn't
have the requisite experience, they both guessed at replacing
the mansion by using the square foot method of estimating
the cost. Needless to say, the insured was not satisfied.
 |
Kenneth Browne, The Public Adjusters Vice-President, was
retained by a New York law firm to prepare
a detailed replacement cost construction estimate of the
damages to this mansion. He prepared a detailed estimate
that included all the architectural ornate detailed woodwork,
millwork, baroque plaster finishes, marble, stone, trim,
and more, which included some 21 fireplaces, 10 chimneys,
and all the items included in the 63-room house on a room
by room basis. He came up with an estimate, encompassing
some 7,000 unique line items to rebuild the house exactly
the way it was before the fire with exact materials of like,
kind, and quality. The estimate—$17.5 million.
Settlement: $9.0 Million - Actual Cash Value!
10 times what the insureds paid, and they still own the
land. |
Does your insurance company owe you a better settlement? You
owe it to yourself to find out.
Contact a
licensed public insurance adjuster in Texas, Florida, Alabama, Louisiana,
Mississippi, New York, New Jersey, Maryland, North Carolina or
California today
|
