During a major weather event one of our client’s buildings was damaged; however not reported to the insurance carrier. The property manager subsequently filed a claim months after the incident, which was then denied for failure to notify.
The out-of-pocket expenses to repair the damage was estimated at over $640,000. CPG was engaged to review the situation and work with the insurance carrier on a resolution.
Based on our client’s loss history and proactive approach to loss prevention, CPG successfully negotiated the payout of fifty percent of the loss, which amounted to over $320,000.