800-497-4030
Industrial Loss Consultants
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  • About Us
    • About Us
    • Events
    • Commitment to Diversity
  • Our Services
    • Services Provided
    • Our Process
    • Area of Expertise
    • Types of Losses
    • Who We Serve
    • Cause and Origin
    • Project Recaps
  • Submit An Assignment
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Manufacturing Industry Project Recaps: Concrete Batch Plant Fire Damage Loss

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ILC Assignment:
  • Inspect insureds damaged equipment that was involved in a fire.
  • Determine if the equipment is restorable to pre-loss condition or if replacement with new will be required.
  • Determine the scope of work to be completed, cost, and timeframe for restoration.
  • Provide RCV and ACV valuation for the damaged equipment.
ILC Inspection Details:
  • ILC thoroughly inspected the concrete batch plant and its support equipment.
  • The 5-yard portable Ross Batch plant suffered heavy thermal damage to its structure, electric, and weighing system.
Summary:
  • ILC can verify a replacement value at $274,407 by the insured.
  • ILC determined it was not feasible to restore certain components of the concrete batch plant to pre-loss condition.
  • ILC further determined that the conveyor system could be restored to pre-loss condition.
  • ILC provided an ACV and RCV valuation of the equipment.
  • ILC obtained an LKQ replacement quote that was $51,754 less than the insured-supplied quote.
  • ILC determined that the insured supplied quote was not LKQ included an item that was not inspected or shown as damaged and did not include wall mounts and mounting kits.
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Industrial Loss Consultants Inc

1699 Wall Street, Suite 218 
Mount Prospect, IL 60056
Phone: (800) 497-4030

About Us

Events

​Services Provided

Our Process

Area Of Expertise

Types Of Losses

Who We Serve

Contact Us
Submit an Assignment
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