ILC ASSIGNMENT:
Following a flood-related incident affecting the mechanical room of an indoor water park resort, ILC was enlisted to conduct a thorough inspection. The mechanical rooms, integral for housing motors, pumps, water conditioning equipment, and electrical distribution apparatus, required a comprehensive assessment. The insured submitted a claim indicating the necessity to replace the entire electrical distribution system, with material costs alone estimated at $260,000.00. ILC’s expertise in evaluating and mitigating damage in complex settings positioned them to provide a detailed analysis of the situation, assisting in the determination of accurate and fair compensation for the incurred loss.
ILC INSPECTION DETAILS:
- ILC’s immediate site presence post-flood enabled the precise identification of damaged electrical distribution equipment resulting from the event.
- Consultants documented instances of corrosion on electrical distribution equipment above the high-water line, clarifying that this corrosion predated the flood event.
- The identified corrosion was attributed to the prevailing working environment, specifically chlorine vapors in the mechanical and electrical rooms.
- ILC’s detailed and discerning approach ensured a comprehensive understanding of the damage’s origin, facilitating a thorough evaluation of the losses incurred.
ILC VALUE-ADDED CONSULTING:
- ILC determined that the electrical repair contractor provided a quote to replace all electrical equipment exhibiting corrosion, regardless of whether it pre-existed the flood event.
- The comprehensive repair costs, covering both materials and labor, amounted to $500,000.00 for the electrical distribution system.
- Leveraging ILC’s identification and documentation of pre-existing conditions, the restoration costs attributed to the flood event were successfully limited to $90,000.00.
- Furthermore, the downtime necessary for flood-related repairs was confined to a mere two days, resulting in significant cost savings for our client and minimizing business interruption.