Marina Flood Damage

Two days before Christmas 2022, a winter storm caused Hampton Bay canals to experience a catastrophic overflow. The resulting canal flood caused significant damage to a fixed-dock marina and its MEP systems. AAG was retained by the insured to navigate a unique Property Damage and Nautical Specialty Equipment claim and to evaluate
and coordinate the repair of the damage.

Emergent Concerns

The storm that caused damage occurred just weeks after a highly destructive Category 4 Hurricane, Ida, creating uncertainty in the policy applications from the insurance company adjuster.
The marina sustained damage to the Mechanical, Electrical, and Plumbing systems, including fuel pumps and lines, lighting, and ship-to-shore power systems.
The dock was originally built with pressure-treated lumber and, when damaged, required specialty disposal due to toxicity.
The fuel was also contaminated and required an environmental remediation company to remove it.
Owners had concerns about the timeline as their summer season opened in late March, and the threat of losing the season would have been financially catastrophic.

Solutions

AAG meticulously reviewed the policy to support an updated replacement value of the structure that addressed all applicable specifications and associated costs.
AAG assembled a team that included an environmental remediation company, permit expeditor, debris removal services, dock specialty contractors, and engineers to prepare and support a claim submission to the carrier.
A meteorologist was consulted to determine that the storm was not a hurricane by assessing its wind speed, atmospheric pressure, and other characteristics, ensuring that policyholders receive appropriate coverage for their losses.

Recovery

Within 90 days, AAG put the marina on the critical path to repair and expedited the town permitting and rebuilding of the dock -allowing the marina to reopen in time for the summer season.
AAG negotiated with the property's insurance company and achieved a multimillion settlement.