00104812783

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Closing Report: 00104812783 – Corrected

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Date of loss verification: NI Stated on 02-11-2025 – Water Damage: Ni said Dwelling was sold to other gentleman and Power Meter was removed by the Power Company Causing Pipes to Freeze Causing Freeze DMG.

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Prior Claim Search
ISO – No previous related claims located via ICE / ISO searches

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ICE – Coverage has been in effect since:
No Policies found

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TrackAll – 5/10/2024 to 5/10/2025

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Cause of Loss Confirmation:
IA Photo Report confirmed no Freeze Damage

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Inspection Findings / Damages / Adjustments The IA Repair Estimate Stated:
IA photo report confirmed no Freeze Damage to Dwelling Exterior or Interior, IA PR shows wear and tear to plumbing parts, IA stated no freeze damage in CPT Report.

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Coverage Analysis / Theory of Coverage: Accidental Discharge of Water is Not Excluded
Freeze is Not Excluded, Wear and Tear is Excluded; Presenting a Full Denial due to Wear and Tear seen, CWOP

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Is There Subrogation Potential Known at This Time? Investigation revealed subrogation potential as outlined in below Theory of Subrogation:
NI stated PWR Meter Removed Due to Ex Tenant and PWR Co Negligence and Caused DMG

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Subrogation Referral Sent: No

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Payments: 

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Summary for Building

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Replacement Cost Value $8,588.07
Less Depreciation (3,833.11)
Actual Cash Value $4,754.96
Less Deductible (2,500.00)
Net Claim $2,254.96
Total Depreciation 3,833.11
Less Non-Recoverable Depreciation
Total Recoverable Depreciation 3,289.24
Net Claim if Depreciation is Recovered $5,544.20

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Summary for Other Structures

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Replacement Cost Value $3,720.20
Less Depreciation (1,969.55)
Actual Cash Value $1,750.65
Net Claim $1,750.65
Total Recoverable Depreciation 1,969.55
Net Claim if Depreciation is Recovered $3,720.20

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