Multifamily Property · Fire + Business Interruption

122% Increase on a 24-Unit Apartment Fire Claim

A 24-unit apartment fire claim that increased 122%, including more than $1 million above the insurer’s offer and $200K+ in business-interruption proceeds.

Claim Results / Multifamily Property / Fire + Business Interruption

122%

Claim increase

$1M+

Above insurer offer

$200K+

Business interruption

The Claim Story

1. The claim position

A fire at a 24-unit apartment property created substantial building damage and business-interruption exposure.

2. The ICRS approach

ICRS documented the building loss, organized the valuation issues and presented the business-interruption components alongside the property claim.

3. The documented outcome

The documented claim increased 122%, including more than $1 million above the insurer’s offer and more than $200,000 in business-interruption proceeds.

Case Classification

ASSET TYPE
Multifamily Property

PERIL / LOSS TYPE
Fire + Business Interruption

PRIMARY RESULT
122% claim increase

Why This Result Matters

Apartment fire claims often combine building repairs, code-related issues, tenant impacts and lost rental income. Presenting the property and business-interruption components together can help decision-makers understand the full financial impact of the loss.

Every property insurance claim is fact-specific. The value of a disciplined claim process is that damage, coverage issues and financial impacts can be evaluated and presented from the policyholder’s perspective.

Prior results do not guarantee a similar outcome. Every claim depends on the policy, facts, damage, documentation, timing, insurer position and other circumstances.

Explore Related Multifamily, Fire and Business Interruption Resources

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Results disclaimer: Prior results do not guarantee a similar outcome. Every insurance claim is different and depends on the policy, coverage, facts, damage, documentation, timing, insurer and other circumstances. Dollar amounts and claim descriptions shown are representative documented ICRS matters and are presented for informational purposes only. No attorney-client relationship is created, and ICRS does not provide legal advice.