Blog From our claims file: disconnected drain pipe

From our claims file: disconnected drain pipe

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Claim Description

Water damage due to a disconnected drain pipe.  During a severe rain storm, the rain leader from the roof disconnected in the client’s store pouring water through the store retail area.  Damage was  incurred to the client’s tenant improvements, stock and equipment.

Client’s Coverage

Broad Form Property with a $1,000 deductible.

Payment Cleanup of  premises and dry-out due to the disconnected drain pipe,  debris removal,  rebuilding of tenant’s improvements, replacement of stock and equipment, and business interruption for the period of restoration

Total Claim Payment: $354,326.56

Risk Management

The client was fortunate that the store was open at the time of the loss and reacted quickly to control the water spread and minimize the damage.  A disaster contingency plan can help fast track recovery after a significant loss.  Key contact information should be readily available when every minute counts.

Note: All the details listed above are taken from an actual claim. Coverage, limits and deductibles vary from policy to policy. Insurance policies may also vary by insurance company, province and state. In all cases, an insurance policy wording is the contract which takes precedence over any other information outlining insurance coverage. Some details may be omitted to protect the identity of our client.[/fusion_text][/fusion_builder_column][/fusion_builder_row][/fusion_builder_container]

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Ogilvy Insurance Is Now NFP

We’re pleased to announce that Ogilvy Insurance has joined the NFP family and transitioned to the NFP brand.

You will be redirected to the NFP.ca home page

For questions please reach out to:

Ontario: Tel - 416.777.2722 or Toll Free: 1.877.364.4589

Quebec: Tel - 514.932.8660 or Toll Free - 1.877.464.4589


Ogilvy Insurance devient NFP

Nous sommes heureux d’annoncer qu’Ogilvy Insurance a rejoint la famille NFP et a intégré la marque NFP.

Vous serez redirigé vers la page d’accueil du site NFP.ca

Pour toute question, n’hésitez pas à communiquer avec nous :

Ontario: Tél. – 416 777-2722 ou 1 877 364-4589 (numéro sans frais)

Quebec: Tél. – 514 932-8660 ou 1 877 464-4589 (numéro sans frais)