Correcting a Misidentified Cause of Water Damage

January 26, 2020

Robert Scarano & Andres Escobar designed this award winning 15-story luxury condominium building located in the heart of the East Village. When the building suffered catastrophic water damage, the building’s insurance carrier attempted to deny coverage citing exclusionary language in the policy. The building’s attorney recommended Eastern Public to handle the coverage dispute and claim. 


Following detailed investigation by Eastern Public, it was determined that the cause of loss was actually due to a windstorm that forced upon a door on the rooftop, allowing cold air to enter the elevator shaft, ultimately freezing a sprinkler head on a wall adjacent to the elevator. 


The insurance carrier reversed their coverage position based on Eastern Public’s analysis and efforts, resulting in a large six figure settlement and resources necessary to fully rehabilitate the property. 



Our Work

Knowing Enough to Know What You Don't Know
By Brian Evans June 10, 2025
In property insurance claims, Actual Cash Value (ACV) is often calculated as replacement cost minus depreciation—but that doesn’t always reflect a property’s true value. Under the Broad Evidence Rule, adjusters and appraisers are encouraged to consider multiple factors, such as market value, functional condition, and income potential, to arrive at a fairer and more accurate valuation. This approach is especially useful for properties with unique characteristics or market conditions that don’t fit neatly into a standard formula. By weighting different valuation inputs, professionals can better capture the real economic loss—leading to more balanced, defensible outcomes for both insurers and policyholders.
More Case Studies
Knowing Enough to Know What You Don't Know
By Brian Evans June 10, 2025
In property insurance claims, Actual Cash Value (ACV) is often calculated as replacement cost minus depreciation—but that doesn’t always reflect a property’s true value. Under the Broad Evidence Rule, adjusters and appraisers are encouraged to consider multiple factors, such as market value, functional condition, and income potential, to arrive at a fairer and more accurate valuation. This approach is especially useful for properties with unique characteristics or market conditions that don’t fit neatly into a standard formula. By weighting different valuation inputs, professionals can better capture the real economic loss—leading to more balanced, defensible outcomes for both insurers and policyholders.
Value of Historic Finishes in Manhattan condominium  - Eastern Public
April 24, 2020
To make a luxury property claim, you need an experienced manager to handle the details and negotiate with the insurance company.
Business income loss can include missed opportunities - Eastern Public
March 10, 2020
Eastern Public ensures your security with full coverage post-sewer line backup, ensuring material damage and lost revenue recovery for apparel retailers.
More Case Studies

News & Press

Knowing Enough to Know What You Don't Know
By Brian Evans June 10, 2025
In property insurance claims, Actual Cash Value (ACV) is often calculated as replacement cost minus depreciation—but that doesn’t always reflect a property’s true value. Under the Broad Evidence Rule, adjusters and appraisers are encouraged to consider multiple factors, such as market value, functional condition, and income potential, to arrive at a fairer and more accurate valuation. This approach is especially useful for properties with unique characteristics or market conditions that don’t fit neatly into a standard formula. By weighting different valuation inputs, professionals can better capture the real economic loss—leading to more balanced, defensible outcomes for both insurers and policyholders.
Reconstruction Delays after LA Wildfires
By Brian Evans June 9, 2025
4 steps homeowners affected by the Los Angeles Fires can take now to begin their recovery.
NYC Flood Zones
By Brian Evans June 7, 2025
Eastern Public CEO, Brian Evans explores why New York’s housing crisis can’t be solved without rethinking how and where we build, and why zoning reform is essential to climate resilience.
More News & Press