Dust Collector Fire Damage Loss

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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