CASE STUDY
MAC Street Industrial Finds Latent Hail Damage, Client Receives $316,902 Settlement
Client
AllCable
Industrial Building
AllCable was launched in 1983 and is a leading electrical and electronic wire and cable distributor.
Property Details
AllCable
Date of Loss: May 8, 2017
Hail Size: 1.75’’
Roof Type: Built-Up Roofing w/Aluminum
Value Added: $316,902
Situation
AllCable had an industrial roofing system at the end of its life that had plagued their business operations with leaks for more than a decade. The carrier had previously denied their hail damage claim over the scope of loss; stating that the damage was caused by age since the roofing system was more than 30 years old with multiple defects on the roof.
Outcome
MAC Street Industrial utilized a team of third-party experts that supported the date of loss and damage. This allowed for validation of the full claim.
Along with the full roof replacement, we also installed available code upgrades through the insurance claim proceeds to increase the property value.
The insurance carrier ultimately agreed with MAC Street Industrial regarding the scope of work, and the restoration was successfully completed.
Summary
In 2018, MAC Street Industrial was asked to analyze the client’s portfolio and estimate the cost for a new industrial roof system. Upon inspection of the AllCable headquarters location, we discovered significant latent hail damage.
We verified storm data through an independent meteorologist and hail verification report. Because the insurance carrier had denied the claim originally (stating that the damage was due to the age of the roof rather than hail), MAC Street Industrial developed a comprehensive strategy and assembled a team of third-party experts to verify that the roof damage had indeed occurred during the policy coverage period.
We compiled reports detailing the extent and validity of the damage, along with historical weather data; proving that several significant hail-producing storms had taken place over that location between 2012 and 2017.
When presented with this comprehensive evidence, the insurance carrier agreed with the findings and proceeded in good faith.
Ultimately, MAC Street Industrial added over $300k in value to this building through the installation of code upgrades and a TPO roof system- all paid for by the insurance carrier other than the deductible.
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