Electrical Equipment

We explain what each component does, how often it’s likely to be in claims without showing damage at the time of assessment, and the average cost to replace it.

The insured for the claim in this case study was only guessing that the damage to a hot tub was related to a surge.

Adjusters find them helpful to verify that any necessary replacements and repairs are of Like Kind and Quality (LKQ) and that the settlement is in line with market values for the loss and location.

Insurance professionals and policyholders have likely noticed an increase in technology advancements, the number of people working remotely, and the amount of extreme weather that took place in 2020 and 2021.

It’s critical to understand what different types of surge protectors exist – and why they won’t prevent all electrical surges.

Lightning can impact whatever is in its path, from appliances to electronics or an entire electrical panel. And each item could wind up in an insurance claim.

Unlike some other causes of loss, lightning and surges can impact a variety of items – though it may not be noticed right away.

Read how a super-regional P&C carrier made StrikeCheck part of its process by establishing an automatic system that assigns us to check for lightning in the area at the time of loss after the claim has been verified for a policy in force.

We’ve put together a comparison of the features of the top leading lightning reports.

Our guide breaks down various types of networking equipment, including routers, modems, wireless access points, and switches, that frequently appear in claims.