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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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Building Systems Project Recaps: Hurricane Damage to Elevator

Manufacturing Industry Project Recaps: Press Mechanical Failure
ILC Assignment:
  • Site inspection of the insured’s elevator in a nine-story historic building.
  • Gather and review information regarding the elevator breakdown loss.
  • Determine the elevator machine’s repairability.
  • If restorable, determine the scope of work to be completed, timeframe.
ILC Inspection Details:
  • ILC thoroughly inspected the various damaged equipment to determine if it was restorable to pre-loss condition.
  • Photographic records and documentation of the loss and damage were gathered.
  • ILC acquired and compared two repair proposals. Vendor one proposed $84,457 and vendor two proposed $108,673.
Summary:
  • ILC’s thorough inspection of the insureds’ loss revealed that it was restorable to pre-loss condition utilizing vendor number one’s lower-cost proposal.
  • A total of $24,126 were saved by sourcing LKQ parts from vendor one to accomplish the repair.
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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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