Manufacturing Industry Project Recaps: Concrete Batch Plant Fire Damage Loss
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.
