Investigation of Warehouse Roofing Reveals Damage
May 1, 2018
Gale force winds from a high impact rain storm damaged the roof of Hunts Point Terminal Market, a wholesale food market located on a 60-acre campus in the Bronx, NY, occupying more than one million square feet of space.
Eastern Public worked as part of the team engaged to help the business recover, Eastern Public was able to identify hidden damages to the building’s structure that would have otherwise rendered it unsafe. Through efficient and effective team management, Eastern Public was able to help resolve the claim in short order, mitigating the client’s business interruption losses
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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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