Ovens and Ranges Overview
What to Consider When Handling Claims for Ranges, Ovens, and Cooktops
Ovens, ranges, and cooktops can be very expensive to replace, and a lot of times, when claims come up for these appliances, that’s what is recommended. However, of all oven, range, and cooktops that we evaluated last year, we only recommended replacement in 19% of cases. As an insurance adjuster dealing with claims like this, you want to make sure you settle the claim accurately, so you’ll want to determine the cause of damage and if there are viable repair options before making that decision.
We want to make sure you have the information you need to make the right call, which is why we’ve created a useful, quick-reference guide to handling claims for ranges, ovens, and cooktops. In it, we describe Like Kind and Quality considerations, brand tiers, cause of loss statistics, and replace/repair frequency statistics so that you know what to expect and how to settle the claim to properly restore LKQ to your customer.
Get our guide — What to Consider When Handling Claims for Ranges, Ovens, and Cooktops — designed for insurance adjusters by filling out the form provided.