Reduced Insurance Claim Costs for Storm-Damaged Corn

As a result, a large quantity of stored corn became wet and was at risk of spoilage due to the warm summer temperatures, posing a significant financial burden for both the facility and its insurance provider. To mitigate losses, the insurance company turned to us for our expertise in grain recovery and salvage operations.

Challenges

• Wet and damaged corn stuck in a silo due to extreme weather conditions.
• Risk of significant financial loss for the insurance company due to an extensive claim.
• Need to find a buyer for an off-spec commodity to minimize losses.

Our Approach

Assessment & Damage Evaluation

• We quickly assessed the condition of the affected corn, determining the extent of moisture damage and identifying salvageable portions.

Quick Action & Drying Process

• By acting immediately, using advanced recovery and drying techniques, we were able to restore a significant portion of the corn to a marketable state before it spoiled and became out of condition.

Market Recovery & Financial Impact

• Instead of writing off the wet grain as a complete loss, we leveraged our network to find a buyer for the off-spec commodity, ensuring that the salvaged corn could still generate revenue.
• This intervention drastically reduced the insurance claim, saving the insurance company a substantial amount of money while also helping the facility recover from the storm damage.

Outcome & Customer Benefit

• The insurance company avoided a million dollar payout by minimizing the claim through salvage efforts.
• The damaged corn was repurposed, preventing complete financial loss for the agricultural facility.
• The facility maintained operational continuity.

Conclusion

Our proactive approach in quickly assessing, removing, and drying storm-damaged corn significantly reduced the financial impact of the disaster. By quickly finding a market for the off-spec commodity, we helped the insurance company avoid an extensive payout. This case highlights our efficiency and effectiveness in mitigating losses and providing practical solutions in agricultural salvage operations.