Vandalism & Malicious Mischief

The Nonprofit

A nonprofit that hosts business networking and community events.

The Situation

The insured occupies two units of a six story commercial building. Unidentified person(s) gained entry into the building and then opened the commercial fire suppression valves on the 4-6 floors. Highly pressurized water entered the stairwell at the sixth floor level and spread across all of the floors of the building down to the ground level. No suspects were ever identified.

The Resolution

The insured’s coverage extended to Business Personal Property only. The Business Personal Property coverage includes damages to tenant improvements and betterments made to the property upon occupancy of the location. Damages for both personal property and Tenant Improvements and Betterments were paid.

From the Claims Files stories like the one above are intended to be informational in nature. Please contact your insurance broker and/or agent for your specific coverage implications based on your specific situation.