StrikeCheck Releases 2019 Annual Claims Report

Data on Key Claim Trends Grants Carriers Exclusive Opportunity to Control Claims Leakage
StrikeCheck’s 2019 Annual Claims Report identifies an array of opportunities for carriers to control claim leakage while maintaining customer satisfaction CHARLOTTE, N.C., March 6, 2019 — StrikeCheck, a leading provider of electronics damage assessments for Property & Casualty insurance carriers nationwide, announced the release of its 2019 Annual Claims Report today. The statistics featured in the report can help carriers make data-driven decisions and highlights areas where they...

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Handling Tankless Water Heater Claims

Tankless water heaters are becoming a progressively more popular alternative to traditional tank-style water heaters. According to Research and Markets, the global tankless water heater market is expected to grow at a compound annual growth rate of around 7% between 2018 and 2022. This is no surprise, as this style of water heater is increasingly attractive to homeowners. Not only are they more energy efficient than their tank-style counterparts, but they also have a longer lifespan,...

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Handling Electrical Wiring Damage Claims

Claims involving damaged electrical wiring can cross an adjuster’s desk for a number of reasons. Whether your insured claims that the wiring was damaged from a high heat event (such as a lightning strike or a fire) or improperly installed electrical wiring led to a fire within the structure, it is important to determine what caused the damage and what steps need to be taken to return the insured to pre-loss condition. However, determining exactly what testing is required to evaluate...

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Water Damage to Electrically Powered Items

Water damage can occur year round from a variety sources, and is therefore one of the most frequently claimed property insurance perils. Regardless of the source, 1 in 50 homes files a water damage claim each year (III), and 37% of all homeowners claim to have suffered water damage (Water Smart).

Get Your Free Overview on Water Damage to Electronics Here
Because water damage is so prevalent, it is important for...

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Handling Dishwasher Claims Accurately

While we haven’t made it to the high-tech dishwasher age of The Jetsons, dishwashers are still a common appliance likely to show up in a property claim. Dishwashers are considered more of a luxury appliance than the essential refrigerator and range. Nevertheless, nearly 60% of American homes have a dishwasher (CNN Money), making it important for adjusters to know what to look for when a claim includes a damaged dishwasher.

Type of Dishwasher

There are four types of...

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Exploring Computer History: Devices Through the Decades

Did you know that the components that make up your personal computer today were founded as far back as 1937? Sure, personal computers only started becoming mainstream in the 1980s and the 1990s, but they were used in industry and science applications for decades prior. From Complex Number Calculators in 1941 at Bell Telephone Laboratories to the Apple Watch, read on to find out how these fascinating electronics have evolved over the decades.

A timeline exploring computer history

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Leading Causes of Refrigerator Damage

Refrigerator Damage

Hardworking refrigerators are often taken for granted. They run constantly and are arguably the home’s most important appliance. Often, we don’t think about what causes refrigerator damage until it’s too late. As many adjusters know, a damaged refrigerator can quickly become a headache, since damage to this common appliance can require a lot of complex research. You need to know whether or not the refrigerator can be repaired, and you need to establish food-spoilage coverage and estimate total claim costs.

Frequency...

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StrikeCheck Releases 2018 Annual Claims Report

Electronics Claims Analysis Provides Valuable Insights for Property Insurance Professionals
Data released in StrikeCheck’s 2018 Annual Claims Report aids carriers in identifying risk of indemnity leakage
Charlotte, North Carolina, February 27, 2018 – StrikeCheck, a leading provider of electronics damage assessments for Property and Casualty insurance carriers nationwide, announced the release of its 2018 Annual Claims Report today. The data in this report provides an opportunity for property and casualty insurance carriers to identify where they can reduce the risk of...

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What causes a water heater to leak or rupture?

The following article on "What causes a water heater to leak or rupture?", written by Reza Nikrooz of StrikeCheck, originally appeared in the Technical Notebook Column of Claims Magazine and was also published on Property Casualty 360 As many adjusters know, water heater failure often leads to significant property damage. Water heaters have an average lifespan of 10–20 years, but that can be significantly reduced without proper routine maintenance—substantially increasing the risk of failure. According...

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4 things to know about power surge damage from hurricane-force winds

Power surge damage caused by hurricane-force winds

The following article on "4 things to know about power surge damage from hurricane-force winds", written by Reza Nikrooz of StrikeCheck, was originally published on Property Casualty 360.

Hurricane-force winds can cause significant structural damage and can knock out power lines, potentially causing surge damage in unprotected electronics and appliances when electricity is ultimately restored. With Hurricane Irma having left more than 8 million Florida and Georgia residents in the dark and Hurricane...

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