X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.
Identifying power panel issues. Power supplied from the electric grid travels to a property’s electrical service panel, which has individual circuits that distribute and control the amount of electricity going to outlets, lights and appliances. (Photo: romaset/Adobe Stock)

Policyholders may be quick to file claims seeking settlements for replacements of faulty electronics or flickering lights, particularly after hurricanes, floods and windstorms. In reality, the problem may be within the electrical service panel.

Damages to service panels could have major impacts on your policyholders, including causing business interruptions or the need for temporary housing until power is restored. Before settling for electronics that may not be damaged, adjusters should understand how the electrical service panel may be impacting policyholders and claims.

Want to continue reading?
Become a Free
PropertyCasualty360 Digital Reader.

INCLUDED IN A DIGITAL MEMBERSHIP:

  • 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?

 

PropertyCasualty360

Join PropertyCasualty360

Don’t miss crucial news and insights you need to make informed decisions for your P&C insurance business. Join PropertyCasualty360.com now!

  • Unlimited access to PropertyCasualty360.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including BenefitsPRO.com, ThinkAdvisor.com and Law.com
  • Exclusive discounts on PropertyCasualty360, National Underwriter, Claims and ALM events

Already have an account? Sign In Now
Join PropertyCasualty360
Live Chat

Copyright © 2022 ALM Media Properties, LLC. All Rights Reserved.