Recouping the Costs After an Expensive Gas Shutdown
Problem: How do you recover the cost to fix a total gas service shutdown due to a shareholder’s renovation?
Solution: Argo has managed this 100-unit coop in Queens for over ten years. The cost to the coop in the aftermath of a gas leak was in excess of $100,000. The coop filed a claim with its insurance company and the claim was denied. Argo worked tirelessly with its insurance consultants to pursue the matter and escalated the problem to the highest levels of authority at the insurance company. Thanks to Argo’s diligence and our long-standing relationship with the insurance broker, Argo and its insurance consultant obtained reimbursement for the total amount of the claim, less the deductible.