Florida Sinkhole Claim for Apartment Building
Case Result: Successful Sinkhole Claim Settlement for Apartment Building
The owners promptly filed a sinkhole claim with their property insurance company, seeking coverage for the necessary repairs and stabilization of the property. Despite the clear evidence and expert testimony, the insurance company initially denied the claim, arguing that the damage was due to “settling” and not a covered sinkhole event.
Legal Action:
Due to mounting repair costs and growing tenant concerns, the apartment complex owners sought legal representation from Williams Law, P.A. Our firm was retained to pursue the claim and hold the insurance company accountable for their obligations under the policy.
We immediately launched a thorough investigation, gathering additional expert reports, geological surveys, and historical data on the property. Our expert insurance lawyers argued that the insurance company’s denial was unfounded and that the evidence overwhelmingly supported the existence of a sinkhole event covered by the policy.
Resolution:
After months of negotiation and the looming lawsuit threat, the insurance company agreed to a settlement. The settlement provided full coverage for the stabilization and repair of the apartment complex, ensuring the residents’ safety and the property’s long-term viability. Williams Law, P.A. obtained the insurance company’s payment of $1,600,000 in full resolution. This amount was over 3 times the insurance company’s offered initial payment for repairs and nearly 60% over a previous appraisal estimation of damages.