The 2016 Annual Claims Report from HVAC Investigators arms insurance carriers with powerful information designed to help understand HVAC Claim Trends
HVAC Investigators, the nation’s leading provider of HVAC and refrigeration damage assessments, today announced that it has released its much anticipated 2016 Annual Claims Report. This year’s report clearly demonstrates that the complexity of HVAC claims – from current government regulations, equipment price fluctuations, and regional labor rates to limited parts availability – has made it all but impossible for carriers to accurately and predictably settle claims without consulting third party experts. Included data illustrates how the help of a cost-effective, third party technical expert can save carriers millions of dollars in settlement overpayments each year by helping carriers develop an effective claims handling strategy.
Distributed to insurance carriers nationwide to help them strengthen their understanding of current industry trends related to HVAC insurance claims, the HVAC Investigators Annual Claims Report examines data for both onsite inspections and desktop reviews of residential, commercial and large loss claims in all 50 states. The report reviews, in detail, tens of thousands of actual claims assigned to HVAC Investigators by many of the nation’s top carriers. Sparking impactful conversations about indemnity reserves, the data included affords property and casualty insurance carriers an opportunity to analyze current HVAC statistics. With the report’s real-world statistics on reported vs. actual cause of loss, frequency of claims by system type and brand, and age of system by type, insurance carriers are equipped with significant information for establishing accurate indemnity reserves and underwriting policies on HVAC equipment.