After years of hard work building and running their successful business, the owner wished to retire. Environmental investigation conducted by the prospective purchaser revealed the presence of contamination. The purchaser decided not to proceed with the purchase. The owner called our firm for help. We recommended pursuing recovery from historic insurance carriers. Initially our client was not able to locate evidence of insurance. We provided critical assistance reviewing clients 40 year old files, locating evidence of historic insurance policies that ultimately paid for environmental cleanup.
In the homeowner context, we frequently are called upon to assist clients in pursuing insurance coverage for contamination from leaking underground storage tanks used to store heating oil. In certain instances, it is possible to secure 100% coverage under the homeowner liability policy and facilitate remediation. We have done this even when the tank insurance provider previously had walked off the job and refused to provide coverage.
On behalf of another client where the estimated cost to cleanup exceeded the combined value of the home and property, we successfully persuaded the insurance provider to pay the client the estimated value of the home and land in addition to paying to remediate the site to obtain a No Further Action (NFA) Letter from the NJDEP.
Our familiarity with the various policies that have been issued by the insurance industry over time helps us provide efficient assistance when it is necessary to parse through potentially applicable policies.
Many clients have either thrown out or misplaced their old insurance policies. We have an astounding track record helping clients to locate evidence of policies resulting in payment for environmental cleanups.
For more than 25 years, our focused environmental law practice has achieved success through our unique way of seeing and solving challenges. Let our talented and resourceful team assist you in achieving your goals.