3rd party Commercial Claims: Maybe you are an auto carrier and not set up to handle commercial property claims but your insured did damage to a commercial structure or some commercial equipment, with his vehicle, or maybe your insured owns a condo that leaked down into the lobby of a building. We are set up to handle claims like this. We have settled claims on most anything that a vehicle can hit. Utility poles & transformers, commercial & residential structures, landscaping & fencing, equipment, commercial auto. Also remember that in a 3 rd party situation there is no policy and no limit other than the liability limit that the insured carries for property. Because of this the claim can have several aspects including business interruption. We can get to the loss right away and establish rapport, make a direct 3rd party settlement and thus mitigate cost enhancers like business interruption, and the use of a public adjuster. Getting there first can make all of the difference because many claimants prefer to not use their own insurance, and if we can assure them that they will be dealt with fairly, we can take control of the claim and form a win win situation for the carrier and the claimant.
Insured and Claimant had adjoining stores. The insured did not maintain its boiler and it puffed back causing smoke & odor damage to items stored for future sale in the claimants basement.
This was the claimants store. The claimants sold leftover high end clothing and accessories.
View of the claimants basement and stored items.
All together there were about 80 affect boxes of new clothing.
View of some of the new clothing in the boxes.
More new items stored in the basement.
Insured lost control and drove though a store front and well into the store itself.
The damages to the store were significant.
The claimant self insures and went about repairs immediately. Their demand for damages and business interruption totaled $105,000.00. The claim settled for $78,000.00. This is the repaired store front.
the new repairs are evident throughout the store.
This was the area where the car originally impacted.
New store front framing and glazing. The tile floor was repaired in a section. It was not replaced.