Apologies if this isn't the right sub but I know many here could most likely help with their input. As the title reads, me and my partner had an upstairs neighbor go crazy on a party weekend and people staying there destroyed the bathroom by leaking so much water it flooded one of our closets and hallways. We live in an upscale condo (rent) and it's mostly concrete so the leak was contained well.
Unfortunately we lost a computer and a lot of books however my partner is a painter and there is the problem. She had most of her paintings stored there and we lost about 18 paintings, the equivalent to her of about 20-30 weeks of work. She works with a lot of large portrait paintings. I'm wondering how we rightfully claim this for insurance purposes? We have renters and already spoke to them and will be sending an assessor today. Since the paintings are subject to opinion on price point it makes it difficult to assess. Most paintings she does sell between $800-2,000 each. From an accounting perspective, what's the right way to asses the loss?
The maintenance guy from our place already confirmed it was our neighbor's fault and no leaks were found. No shower curtain on the shower, 8 people staying there for the weekend, and toilet overflowing due to clogs.
Submitted February 06, 2017 at 08:59AM by AsaHERO http://ift.tt/2kF3lXN
