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Trump CFO Sues Home Insurer for Hurricane Irma Damage

Orlando Real Estate Litigation

The Trump Organization is no stranger to lawsuits, particularly those that concern real estate and property development. Palm Beach, where many of the Trump family members live and work, has seen numerous cases involving the exchange, sale, purchase, and litigation of Trump-owned properties over the years. 

One of the most recent lawsuits comes from Allen Weisselberg, the Trump Organizaton’s Chief Financial Officer (CFO). 

The Plaintiff’s Claim 

Allen Weisselberg and his wife Hilary, filed a lawsuit in Februrary 2021 against their homeowners insurance company, American Strategic Insurance Corp. for damage they allege was done to their Boynton Beach home in 2017 as a result of Hurricane Irma. The couple claims that their home suffered over $30,000 worth of “direct physical damage” from the intensity of the storm. 

The Lawsuit 

The Weisselbergs initially filed a claim through their insurance company which was later denied. The lawsuit, which seeks an unspecified amount of damages, alleges that the insurance carrier breached their contract with the Weisselbergs when their hurricane damage claim was denied. The specific details of what the damage included were not available at the time of writing. 

What to Know About Property Damage Insurance Claims 

It’s not uncommon for homeowners insurance companies to deny legitimate claims in an effort to avoid paying a claim. Many people make the mistake of believing their insurer is on their side, but quite the opposite is true. 

This often leads to messy lawsuits where a property owner made a claim that should have been paid out, but the insurance company acted in bad faith by denying the claim, delaying the processing of the claim unnecessarily, or otherwise preventing the rightful and timely compensation of a homeowner. 

Do You Need the Help of a Seasoned Florida Real Estate Litigation Attorney? 

If your homeowners insurance has denied a legitimate claim and you have been unable to reach a successful resolution through settlement negotiations, litigation may be necessary. You should work with an experienced Palm Beach County real estate litigation lawyer who understands the value of property and can aggressively pursue the best possible outcome in your case. 

Many attorneys who are inexperienced in the courtroom will push clients to accept less-than-fair settlements because they feel inequipped to advocate for their client in trial. The lawyer you choose to represent you in an insurance dispute should be ready to litigate when necessary. 

Contact Feinstein Real Estate Litigation & Business Law for your initial consultation today at  954-767-9662 (Fort Lauderdale), 561-981-6212 (Boca Raton), or 305-728-5267 (Miami).

By : admin | April 28, 2021 | Lawsuits

Partners of Water Street Tampa Face $30M Lawsuit for Unpaid Construction

Orlando Contract Disputes

Water Street Tampa is an expanding city-within-a-city, however, the developers behind the project are in a bit of hot water. Currently, Water Street Tampa is facing a total of $30M in construction disputes, largely for unpaid contracts. 

More than 20 liens were filed in the Hillsborough County Clerk’s office against Water Street Tampa properties, namely the JW Marriot; an upper-class hotel at 510 Water Street that just opened in December of 2020. The complaint documents state that the project developers owe $29.1 million to contractors for unpaid work. The total amount of the project’s contracts exceeds $348.7 million. 

The liens filed against JW Marriot were done so by Coastal Construction, or one of their many subcontractors. Coastal Construction has declined to make any comment on the liens, but president Craig Klingensmith said at the groundbreaking for another project that typically, their Tampa business dealings tend to go smoothly. He implied that the matter with Water Street Tampa is out-of-the-ordinary for the area, but did not make any specific comments about the Water Street projects or the liens that were filed.  

Owners of the various properties affected have transferred 7 of the liens to surety bonds, totaling $7.1M. A surety bond helps protect the property from foreclosure, but it does not resolve the disputed missing payments. 

Dealing With Unpaid Construction Invoices and Contracts? 

Failure to pay is one of the most common but problematic issues in the construction industry. Many construction firms, project managers, subcontractors, and other entities find that the property owners that hired them don’t have the money to pay the construction invoices or they never planned on paying at all. 

Recouping these losses can be difficult without the help of an experienced Florida construction litigation attorney. At Feinstein Real Estate Litigation & Business Law, we have the skills needed to provide your company with zealous legal representation in the face of high-dollar disputes. 

Contact us for your initial consultation today at  954-767-9662 (Fort Lauderdale), 561-981-6212 (Boca Raton), or 305-728-5267 (Miami).

By : admin | April 10, 2021 | Construction Litigation