Jon & 'Spaw, sounds like a Saab story to me. Jon is right, I used to run HAM radio equipment and when the smoke escaped it didn't want to work anymore! I took it to the radio guru and he pumped new smoke in, sealed up the holes and it worked again!
As for Praise, my computer Guru says once exposed to the acidity and moisture, he doesn't see that it can all be removed. He advises trying to get the insurance company to realize that the equipment now has a high possibility of failure because of the fire and should be replaced.