Countering an Inadequate Offer
December 8, 2018
International clothing retailer Philipp Plein suffered massive merchandise loss due to water damage from a burst pipe. Eastern Public prepared inventories, damage assessments, and loss calculations, and then used the carefully documented evidence to rebut the insurance carrier’s attempt to pay a fraction of the claim. After our intervention, Philipp Plein received a high six figure settlement.
Our Work
News & Press
The path of Erin remains uncertain. Weather models show two main possibilities: Erin could either veer northward, potentially affecting Bermuda, or shift more toward the U.S. East Coast, though the likelihood of direct impact remains low at this time.
Understanding the value and cost of Public Adjusting services
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.
