Fire in restaurant and flats - £190,000 cash settlement for landlord
The entire building, including both restaurants, was owned by Mr Ferido Panjganj. As well as renting out the restaurants, he had also leased the flats to a local housing association. All tenants and residents had to move out.
Mr Panjganj knew he faced a very complicated insurance claim, with the additional problem of being under-insured. He felt very lonely and distressed and realised he needed professional help. He therefore turned to Morgan Clark to handle the entire claim for him.
Morgan Clark took over every aspect of the claim. This included dealing on Mr Panjganj’s behalf with all the parties involved: the insurance company and its loss adjuster; the housing association; the restaurateurs; and the tenants.
Morgan Clark’s experienced team of loss assessors were also very careful in the way they managed Mr Panjganj’s expectations for the settlement as he was under-insured. They worked hard to ensure he received the best possible settlement within the constraints of his policy.
After a very difficult and delicate claim during which they worked closely with Mr Panjganj to explore the best way forward, Morgan Clark achieved a settlement of £190,000. This included the cost of re-instating the building and an element for loss of rent.
Mr Panjganj commented: “I have to say, from my heart, that Morgan Clark did a wonderful job. I couldn’t have done this by myself. I wouldn’t wish a fire on anyone but, if they did experience one, I would tell them to use the highly-professional services of Morgan Clark”.
Mr Panjganj has learnt from this experience and has now reviewed his insurance cover across all of his properties so that he is never faced with the problem of under-insurance again.