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ARTICLES OF INTEREST
Loss in Value / Diminished Value
Effects of Light
Effects of Ozone
Restoration or Replacement?
New Research
Insurance Art Salvage
Insurance Appraisal Clause
Process
What is Loss in Value?
Personal Property
Scientific
Testing
Subrogation Insurance
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| Patrick B. King & Associates will assist your adjuster in determining the
cause and origin of a loss, even the "mysterious" ones. With our
background and experience we can easily determine if an item claimed as damaged
in a loss, has actually been compromised due to the incident, i.e.,
flooding, fire/smoke, moving damage, etc., or if the true culprit is
simply wear and tear resulting from use and age. We can determine the difference
between pre-existing damage and incident related problems in a wide range of
properties, from the carpeting on the floor to the art on the walls, as well as
the walls themselves! We utilize our experience coupled with our scientific
testing capabilities to arrive at accurate and fair conclusions. After a small fire in her home, an insured claimed that her marble floor had
to be removed and replaced. She stated that the marble was contaminated with
soot, and the grout had changed color from white to black. The insurance company
requested that this firm inspect the floor. Based on an area of flooring
designated by the insured, this firm examined the tile surface using a 30 power
illuminator magnifying piece, we observed that the sealer remained intact. We
performed several different procedures in an effort to remove any
"soot". Every test performed came back "clean"; i.e. no
contamination. We then removed a fragment of grout for additional testing. Based
on this firm’s 25 years of experience and the results of the tests performed
on-site as well as our visual examination of the marble, it was our opinion the
tile surfaces and grout were NOT contaminated by hydrocarbons (soot). In our
efforts to be completely accurate, we submitted the grout fragment for analysis.
The results clearly indicated the sample submitted did NOT contain soot
particles, the grout had simply oxidized over the years of heavy foot traffic.
Bottom line, the floor was not replaced at the expense of the insurance company.
In another example an insurance company requested that we inspect various
wood furnishings claimed as damaged by a flooded basement. Our physical
inspection of the furniture revealed old, oxidized scratches, missing drawer
pulls, and various nicks. What we did not find on any of the wood
furniture were tide lines, or swollen joints, or blooms in the finishes. Our
report to the insurance company stated these facts with our conclusion that
water does not scratch furniture, remove drawer pulls or create nicks. The
furniture was in its current state solely due to use and age, therefore the
insurance company was not liable for the damage. Based on our conclusion the
insurance company rightfully refused the claim.
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Circumstances of Our Services Include Fire, Water and
Hurricane Damage Insurance Appraisal Clause Process
Regarding: |
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Insurance appraisal clause
Lender Mortgage Asset Recovery
Commercial Structures |
Insurance appraisal clause
diminished, value loss
Lender Mortgage Asset Recovery
Residential Structures |
Insurance appraisal clause
diminished, value loss
Commercial Structure
Contents |
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Insurance appraisal clause
diminished, value loss
Additional Living Expenses |
Insurance appraisal clause
diminished, value loss
Commercial Structure |
Insurance appraisal clause
diminished, value loss
Fine Art Lithography |
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Insurance appraisal clause
diminished, value loss
Residential Structures |
Insurance appraisal clause
diminished, value loss
Residential Contents |
Insurance appraisal clause
diminished, value loss
Fine Art Paintings |
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Insurance appraisal clause
diminished, value loss
Fine Art Ceramics |
Insurance appraisal clause
diminished, value loss
Fine Art Photography |
Insurance appraisal clause
diminished, value loss
Fine Art Serigraphs |
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Insurance appraisal clause
diminished, value loss
Fine Art Sculptures |
Insurance appraisal clause
diminished, value loss
Fine Oriental Rugs |
Insurance appraisal clause
diminished, value loss
Fine Art Tiffany |
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Insurance appraisal clause
diminished, value loss
Fine Art Silver |
Insurance appraisal clause
diminished, value loss
Fine Antiques Furniture |
Insurance appraisal clause
Fine Art Rare Books |
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Insurance appraisal clause
diminished, value loss
Fine art Prints |
Insurance appraisal clause
diminished, value loss
Fine Art Drawing |
Insurance appraisal clause
Decorative Art |
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