When a structure is damaged, whether by a natural catastrophe, such as a tornado or hurricane, or a catastrophic event, such as a fire or explosion, HVAC (heating, ventilation and air conditioning) systems are often among the components that are damaged.
These systems are the subject of thousands of property and casualty insurance claims each year, with significant variations in reported versus actual damage, according to the 2015 Annual Claims Report, issued Feb. 17 by HVAC Investigators.
The 2015 report includes data for both onsite inspections and desktop reviews of residential, commercial and large loss claims. The report includes data from claims across all 50 states, for all major perils and for all major equipment types and manufacturers.
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
- Educational webcasts, resources from industry leaders, and informative newsletters.
- Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.
Already have an account? Sign In
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
Rosalie Donlon
Rosalie Donlon is the editor in chief of ALM's insurance and tax publications, including NU Property & Casualty magazine and NU PropertyCasualty360.com. You can contact her at [email protected].
