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Insurance - 2024-01-19 - 13806 Coit Rd, Cleveland, OH 44110.pdf

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1200 Roosevelt Road, Suite 206 Glen Ellyn, IL 60137-7808 USA Tel Fax +1 630 409 1460 +1 630 953 6049 www.mclarens.com Via Mail & Email perry@homeflow.me January 19, 2024 Lofty Holding 13806 Coit Road DAO LLC Attention: Kathie Nguyen 66W Flagler Street, Suite 900 Miami, FL 33130 RE: Insured Insurer Policy No. Policy Term Nature of Loss Date of Loss Loss Location Our File No. : : : : : : : : Lofty Holding 13806 Coit Road DAO LLC Certain Underwriters at Lloyd’s, London 4-549-1-0000 March 16, 2023 t

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1200 Roosevelt Road, Suite 206
Glen Ellyn, IL 60137-7808 USA
Tel
Fax

+1 630 409 1460
+1 630 953 6049

www.mclarens.com

Via Mail & Email perry@homeflow.me
January 19, 2024
Lofty Holding 13806 Coit Road DAO LLC
Attention: Kathie Nguyen
66W Flagler Street, Suite 900
Miami, FL 33130
RE:

Insured
Insurer
Policy No.
Policy Term
Nature of Loss
Date of Loss
Loss Location
Our File No.

:
:
:
:
:
:
:
:

Lofty Holding 13806 Coit Road DAO LLC
Certain Underwriters at Lloyd’s, London
4-549-1-0000
March 16, 2023 to March 16, 2024
Sewer Back-up
September 28, 2023
13806 Coit Road, Cleveland, OH 44110
017.018254.00-M

Dear Ms. Nguyen:
As you are aware, we are the independent adjusting firm retained by Certain Underwriters at Lloyd’s of
London relative to the claim submitted for the sewer damage to the property at the above loss location.
Certain Underwriters at Lloyd’s, London issued Policy Number 4-549-1-0000 to Lofty Holding 13806 Coit
Road DAO LLC for the effective dates of March 16, 2023 to March 16, 2024. Coverage is provided for
Commercial General Liability Coverage in the amount of $100,000 with a $500 deductible, Skip Rent in
the amount of $1,000 with no deductible and Tenant Property Coverage in the amount of $10,000 with
a $500 deductible. Endorsement 2 on the policy effective as of December 15, 2022 limits sewer & drainup coverage to $10,000 with a $500 deductible.
Upon receipt of assignment, we assigned Ryze Claims Solutions who dispatched Ms. Beth Bill Oldford to
investigate the loss and damage. Ms. Oldford inspected the loss location on December 1, 2023. The
sewer drain had backed up due to prior tenant pouring grease into the basement drain lines. The lines
will need to cleaned out and repaired in order for proper drainage to occur. The pipes themselves are
not covered under the Tenant Protection Policy. As well, there was mold noticed on a wall in the
basement and the policy specifically excludes coverage for mold.
Please review the policy language below as this is a Named peril form and the covered damages covered
for rents liability is listed below:
RENTERS LEGAL LIABILITY COVERAGE FORM
SECTION I – COVERAGE
B.

Covered Property
“Covered property”, as used in this Coverage From, means:

File No.: 017.018254.00-M
4-549-1-0000
January 19, 2024 – Page 2
1. Any “building” that is described in the “Declaration” or any “endorsement” belonging
to you or for which you are legally responsible, including:
a. Completed additional and permanently installed machinery and equipment;
b. Personal property of other “renters” that is in the “building” described in the
“Declarations”.
C.

“Covered Cause of Loss”
“Covered cause of loss” means any of the following provided that it arises out of the
accidental acts or omissions of the “renter” against whom a “claim” has been made:
1. Fire
2. Explosion, including the explosion of gases or fuel within the furnace of any fired
vessel or within the flues or passages through which the gases of combustion pass.
This cause of loss does not include "loss or damage" by:
a. Rupture , bursting or operation of pressure relief devices; or
b. Rupture or bursting due to expansion or swelling of the contents of any "building"
or structure, caused by or resulting from water.

3. Smoke causing sudden and accidental "loss or damage ". This cause of loss does not
include smoke from agricultural smudging, industrial operations, or tobacco.
4. Water that backs up or overflows from a sewer, drain or sump.
5.

Water or other liquid which leaks, flows or overflows from plumbing, heating, air
conditioning or other equipment or fixtures.

***
SECTION Ill – CONDITIONS
A. "Limit of Insurance"
Regardless of the number of "claims", "renters" against whom such "claims" are made or persons
bringing such "claims", the most we will pay as the result of any one claim under this Coverage Form or
series of claims arising directly or indirectly out of the same originating cause or series of similar causes
is the "Limit of Insurance".
B. Coverage Conditions
2. You and any "renter" involved must: