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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Washer and Dryer Claims 101

Washer and Dryer Claims 101

Washer and dryer damage claims are often difficult due to their complexity of operation and the myriad of components that they contain. According to the US Census Bureau, over 85% of homes in the United States have a washing machine. The sheer prevalence of the equipment combined with their complexity can add up to a headache for property adjusters nationwide.

Get your free adjuster guide to washer and dryer claims

Because many components in both washers and...

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Electrical Panel Claim Information

Electrical panels are an essential part of any property, whether residential or commercial, and claim expenses for electrical panel damage can compound quickly. If a loss occurs and the panel is damaged, insurance carriers may incur additional living expenses or loss of business expenses. Moreover, damages to the electrical service panel or wiring can potentially lead to a fire. Between 2009 and 2011, an estimated 25,900 electrical fires occurred in residential properties and resulted in over $1 billion in property...

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Surge and Lightning Damage to Electronics

Lightning Damage to Electronics

Surge and lightning damage to electronics is a frequent occurrence, particularly in the summer months. A recent analysis of 2016 homeowner’s insurance claims by Insurance Information Institute revealed that over $825 million was paid on more than 100,000 lightning claims. This represents a near 10% increase in the number of lightning claims filed in 2016 over 2015, though it is still below the 10-year average. Perhaps more significant for insurance carriers is the fact that the average...

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Handling Standby Generator Claims

How a standby generator works

The number of power outages in the United States have increased significantly over the past decade due to severe weather, heightened demand on the electrical grid, and outdated electrical infrastructure. This has led many home-and business owners to purchase backup generators to provide power in the case of an outage. In fact, over 18% of single-family homes now own a standby generator, according to the US Census Bureau. The addition of a standby generator can be beneficial...

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Solar Energy Systems

Solar energy is a booming industry in the United States. According to Solar Energy Industries Association (SEIA), the solar energy industry has grown more than 60% annually since 2006, in part because of both the decrease in the cost to install solar equipment and the Solar Investment Tax Credit. 2016 was the largest growth year of the solar energy market on record. Currently, more than 42 gigawatts (GW) of solar capacity is installed in the United...

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What Causes Water Heater Failure?

Labeled Water Heater Diagram

Water heaters are an integral part of any residential or commercial property. The US Department of Energy estimates that there are 103 million residential water heaters in service. With the average lifespan of a residential water heater between 10 and 20 years, more than 25% of the water heaters in service are nearing the end of their useful life at any given point in time. Water heater failure can cause significant damage to the home, particularly...

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