[case review] Building Damage insurance claim (4)

Check big differences  of insurance settlement amount in 5 types of case

Type of policy | Business Policy (building owner policy)
City | Victorville, CA
Description of loss | Description of loss: Single story commercial building sustained structural damage result of ambulance van drove into the one of the long wall of car wash building.

Insurance Adjustment Summary |
– Total insurance settlement after JPark Public Adjusters (PA Jae Park), involvement of adjustment of claim $32,126.73 (After deductible, this amount consist of structural repair and two months of rental value).

 


 

Type of policy | Business owner policy
Location | Riverside County, CA
Description of loss | Thieve(s) break into the business through HVAC duct/ commercial ceiling fan. Thieve(s) damaged commercial ceiling fan and cash inside register.

Insurance Adjustment Summary |
Initial insurance company’s settlement offer at $0.00 (After deductible & depreciation); per insured carrier’s independent adjuster told insured commercial ceiling fan will not be covered under the policy and lost cash amount is below deductible amount and there will be no settlement draft result of the loss.
– Total insurance settlement after JPark Public Adjusters (PA Jae Park), involvement of adjustment of claim $5,018.72 (After deductible & depreciation). Differences in settlement amount of $5,018.72.


Type of policy | Business owner policy (Building Owner)
City | Los Angeles, CA
Description of loss | Description of loss: Discount mart sustained structural damage resulting from a car backing into the front brick wall.
Insurance Adjustment Summary |
Initial insurance company’s structural repair estimate amount at $3,233.40 (Gross, before deductible & depreciation); prepared by LIG Insurance’s independent adjuster.
– Total insurance settlement after JPark Public Adjusters (PA Jae Park), involvement of adjustment of claim $20,350.06 (Gross, before deductible & depreciation). Differences in settlement amount of $17,116.66.

TYPE OF LOSS: Building Damage/Accidental direct impact of an object

 


Type of policy: Homeowner policy.

City: Sunland, CA.

Description of loss: Single story house sustained structural and cosmetic damage result of fallen tree limbs from adjacent neighbor’s side yard. After un-successful settlement at $10,000.00 from insurance company by attorney office retained by homeowner, the claim was referred to our firm through homeowner’s general contractor. Thus, final settlement increased with our firm’s involvement of the adjustment of the claim.

Insurance Adjustment Summary:

  • Initial settlement prior to JPark Public Adjusters (PA Jae Park), involvement at $10,000.00 (Before deductible).
  • Total insurance settlement after Jae Park & Associates, Inc., involvement of adjustment of claim $38,163.50(Before deductible, this amount consist of structural repair and two months of fair rental value). Differences in settlement amount of $38,163.50.

JPark Public Adjusters(PA Jae Park) will do their best from insurance claim to the restoration of your property loss (water damage, fire damage, rain and wind damage, building damage etc)

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