HVAC Investigators Releases 2015 Annual Claims Report

2015 Annual Claims Report Provides Valuable Insights for Property and Casualty Insurance Carriers

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Feb 17, 2015, 08:30 ET

CHARLOTTE, N.C., Feb. 17, 2015 /PRNewswire/ -- HVAC Investigators (HVACi), the leading provider of objective assessments of HVAC and refrigeration damage, recently published its annual report regarding Property and Casualty insurance claims for HVAC systems across the United States. The 2015 Annual Claims Report, based on data from thousands of actual claims, is distributed to insurance carriers across the country and is used to understand trends related to HVAC insurance claims. The report is free to insurance professionals, upon request, by emailing [email protected]

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Several compelling new research topics have been added to this year's report, including:

Individual Residential and Commercial claims data segregation
Large Loss claim data
Desktop review data
Frequency of LKQ proposals from insured's contractors
Contractor quotes versus market pricing comparison
Frequency of claims by HVAC system type
Smoke / Fire claim data (including frequency by month and recommended actions)

"We're excited about the new data that this year's report includes," said Matthew Livingston, HVAC Investigators' Manager of Customer Education. "We're confident that adding the latest research topics will provide additional insight to insurance carriers searching for better ways to settle HVAC claims."

The 2015 Annual Claims Report includes data for both onsite inspections and desktop reviews of residential, commercial and large loss claims. The claims data comes from all 50 U.S. states, for all major peril types, and all major equipment types and manufacturers. This data provides Property and Casualty insurance carriers with an opportunity to analyze HVAC statistics and promote conversations around indemnity and reserves.

Consistent with previous studies, the 2015 Annual Claims Report clearly affirms that insurance carriers should seek, whenever possible, the help of qualified, objective subject matter experts to investigate claims against HVAC equipment. Insurance carriers must stay current on trends, new legislation, and HVAC supply chain changes that are major contributors to settlement outcomes…a near impossibility for even the most progressive and well-educated adjuster workforces.

ABOUT HVAC INVESTIGATORS
HVAC Investigators is the nation's leading provider of HVAC and refrigeration damage assessments. Our prompt inspections and actionable reports help insurance carriers settle HVAC claims more efficiently and with a higher degree of accuracy. If you'd like more information about our services or to submit an assignment, please visit hvacinvestigators.com, email [email protected] or contact us by phone at (888) 407-5224.

Contact: Katie Rosenberg
888-407-5224 Ext. 114
Email

SOURCE HVAC Investigators