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
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.
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