The last time I checked, Fire & Lightning were the first perils listed under any property policy. The only issue is what the Replacement Cost is on the equipment lost. The owners should get a prompt settlement unless the company is one of those excess/surplus lines outfits who don’t pay until made to pay.
A lot will depend on if the actual cause of loss was lightning. It appears from the article that the date of loss is not known (found in April when the theater was reopening), making it difficult to run a lightning strike verification analysis. The same electrical surge effect described by the technician could occur from an electrical utility power surge which may impact coverage.
The last time I checked, Fire & Lightning were the first perils listed under any property policy. The only issue is what the Replacement Cost is on the equipment lost. The owners should get a prompt settlement unless the company is one of those excess/surplus lines outfits who don’t pay until made to pay.
A lot will depend on if the actual cause of loss was lightning. It appears from the article that the date of loss is not known (found in April when the theater was reopening), making it difficult to run a lightning strike verification analysis. The same electrical surge effect described by the technician could occur from an electrical utility power surge which may impact coverage.
Any good electrician can tell the difference between a power surge and a lightning strike and offer an affidavit to the company.