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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

Project Recaps

Dust Collector Fire Damage Loss

12/17/2018

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ILC Assignment:
  • Inspect insureds dust collector that was involved in a fire. 
  • Determine if the dust collector is restorable to pre-loss condition. 
  • If restorable, determine scope of work to be completed, cost and timeframe. 
  • Provide RCV and ACV valuation for the damaged equipment.
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ILC Inspection Details:
  • ILC thoroughly inspected the dust collector to determine if it was restorable to pre-loss condition.
  • ILC reviewed the new replacement quote of $137,836 provided by the insured.
  • Smoke was observed coming from the duct work that supplied the dust to the dust collector.
Summary:
  • ILC determined that it was not feasible to restore the dust collector to pre-loss condition.
  • ILC provided an ACV valuation of the equipment.
  • ILC obtained an RCV quote that was $98,205 less than the insured supplied quote.
  • ILC determined that the insured supplied quote was not LKQ and was for a much larger upgraded
  • piece of equipment.
  • ILC recommended adding the fire suppression system for replacement to minimize possibility of a
  • fire in the future. Note that this was not on the original damaged equipment.
  • ILC suggests cleaning the ductwork. 

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Industrial Loss Consultants Inc

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

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