Fire-Damaged Electrical Items at a 5 Star Hotel
Summary
At a project site for a 5 star hotel in Hyderabad, under
CAR policy, various electrical items, such as MCCBs,
copper cables and pipes, valued at approximately
US$420,000, were damaged. SalvageSettlers:
- Achieved a saving of 60% for the Insurer on a claim of
US$420,000
- Sold the burnt salvage items for over US$30,000
Results
Within 15 days, completed a thorough audit of all items. Deduced that 50% of the items had already been installed in the hotel.
Process
On being appointed, SalvageSettlers:
- Immediately visited the site, assessing the damage and taking a complete inventory of all items.
- Had a complete qualitative and quantitative inventory of all items within 15 days. SalvageSettlers found that over 50% of items claimed by the Insured had already been installed in hotel rooms.
- Measured and counted every item, enabling SalvageSettlers to determine that 10% of all items had been completely destroyed in the fire.
Client Benefits
In addition to handling the complete salvage process, SalvageSettlers delivered further benefits by:
- Realizing savings of over US$250,000
- Salvaging and sorting various electrical and related items – realizing a value of over US$30,000
- Handling the entire salvage process within 15 days
