Posted by Leonard Theran, SPPA

Dec 12, 2017 8:13:00 PM

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Underinsured & Out of Time

West Valley Shopping Center on River Street in Fitchburg, Massachusetts, was home to Alexander Academy, a thriving cosmetology and barber school.

On the night of March 4, 2015, a four-alarm fire destroyed the entire shopping center, resulting in a total loss for not only the school’s owner, Phyllis Gertsios, but her mother, who owned the plaza.

Gertsios quickly discovered that her insurance policy would only cover a small percentage of the school’s contents, which totaled more than $300,000.

But’s that’s not all.

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Topics: public adjuster, Fire Loss, Commercial insurance claim

Posted by Leonard Theran, SPPA

Sep 8, 2016 9:30:00 AM

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5 Ways Property Managers Can Be Paid in the Event of an Insurance Loss


 It’s the call every property manager hates to receive: the first notification of what will turn into an insurance loss for the client. Sometimes it comes late at night or in the wee hours of the morning. Depending on the severity of the loss, it signals the beginning of what could be months of work above and beyond the normal scope of the job.

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Topics: insurance claim, Fire Loss, property manager

Posted by Leonard Theran, SPPA

Jun 9, 2016 7:00:00 PM

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Why Fire Damage Doesn't Have To Ruin Your Life


According to the National Fire Protection Association (NFPA):
In 2014, there were 1,298,000 fires reported in the United States. These fires caused 3,275 civilian deaths, 15,775 civilian injuries, and $11.6 billion in property damage. The NFPA offers these additional staggering statistics:

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Topics: public adjuster, insurance claim, Fire Loss

Posted by Leonard Theran, SPPA

Jul 1, 2015 9:44:33 AM

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How PLA Helped Bingham Lumber Recover



New Hampshire-based Bingham Lumber, which sells reclaimed wood and other wood products, lost its extensive showroom and production facility in a devastating fire. Most of the contents were completely destroyed, which made it challenging to inventory everything that was in the building prior to the fire.

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Topics: Fire Loss