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Multifamily Property · Fire & Business Interruption
A documented multifamily fire recovery that included a $300K+ claim increase and $58K in business-interruption proceeds.
Claim Results / Multifamily Property / Fire & Business Interruption
Total recovery
Claim increase
Business interruption
A major fire at a 288-unit multifamily property created a complex building-damage claim with related business-interruption impacts.
ICRS documented the physical damage and organized the property and income-loss components so the claim could be evaluated as one coordinated large-loss matter.
The documented recovery exceeded $4 million, including a claim increase of more than $300,000 and $58,000 in business-interruption proceeds.
ASSET TYPE
Multifamily Property
PERIL / LOSS TYPE
Fire & Business Interruption
PRIMARY RESULT
More than $4M recovered
Multifamily fire claims extend beyond visible building damage. Lost income, displaced residents, repairs and the timing of restoration can materially affect the policyholder’s financial position.
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.
Approximately 90% of claims are settled without unnecessary litigation. ICRS works its files by pursuing the truth of what the policyholder is actually owed—not simply what an insurer feels should be paid.
Talk with Insurance Claim Recovery Support about the property damage, documentation and business-impact issues affecting your claim.
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.
Access the free ICRS guide to preparing and documenting a commercial property insurance claim.
Looking for help with a specific loss? Explore the free Fire Claim Guide or Water Claim Guide.
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