A qualified engineering expert can determine if equipment and machinery damaged in a loss should be repaired, replaced, or restored. Amset will evaluate a loss and provide the client with the facts necessary to choose repair, replacement, or restoration. Such facts include warranty, turnaround time, parts availability, labor content, rigging, code issues, salvage, and more. Amset works with outside vendors to insure an appropriate and timely recovery for the insured.

Repair, Replace, or Restore
A commercial tire retread shop submitted a claim to replace their equipment damaged during a fire. Amset determined which equipment was damaged beyond repair, and which items could be repaired or cleaned. Per the insured’s request, Amset located some hard to find “refurbished” replacement equipment, cutting the total cost of the claim by $150,000 and reducing down time.

Parts Never Replaced
A printing equipment dealer claimed water damage to two pre-press machines as a result of a window broken during a storm. The insured was claiming $115,000 for replacement parts installed in the damaged presses. Amset engineers proved that some of the parts were never replaced as claimed.  Due to Amset’s involvement, the claim was settled for only $10,000. 

Replacement Savings
This insured experienced a fire in a molding machine. Amset engineers documented that the machine could be repaired by the manufacturer for $200,000 less than the cost of a replacement.

New and ACV Replacement Costs
A 40,000 sq. ft. graphic arts building burned to the ground. Amset gained access to every machine within the structure to capture the nameplate information. Through research, Amset determined the age and operational specifications of the equipment. Ultimately, Amset calculated the new, fair market value, replacement costs for all of the destroyed equipment and the ACV (actual cash value) value necessary for the adjustment of the claim.

Reuse Existing Parts
An insured was claiming freeze damages to their warehouse sprinkler system used in the food distribution industry. The insured was claiming $750,000 to replace the entire system. After inspecting the damages, and performing field testing, Amset determined that much of the piping and controls could be reused. Amset was able to calculate a fair and reasonable replacement cost to return the insured back to a pre-loss condition, and saved the insurance company over $400,000.