Old Republic Union: the denial record

To cure the circumstances giving rise to the violations described in this notice, the Insurers must promptly tender $8,069,040.94 to [name redacted] minus the applicable deductible and prior payments.

After drafting two estimates, the larger of which totaling $1,511,123.24 and deducting the deductible and depreciation, Insurers have paid a total of $926,483.26 for the substantial loss.

Therefore, OLD REPUBLIC UNION should tender $1,577,343.75 (less any prior payments, depreciation, excess policy limits, and/or deductible) in insurance benefits at this time.

This bad faith can be repaired by the tendering of the $1,000,000 policy limit to the attorney listed above for the benefit of Mr.

Despite receiving these materials, the Insurers failed to meaningfully consider, acknowledge, or properly evaluate the public adjuster's estimate, photographic evidence, and sworn proof of loss.

The Insureds timely reported the claim and the Insurer was provided full access to the property to inspect.

Perez submitted the claim to Sedgwick on 07/15/2024.The cause of loss was reported as a collapse that caused damage to walls, flooring, electrical, ceiling, ceiling tiles, etc.