results and correlate them with
other sources of information
regarding the weather.
The importance of
Technology which can confirm the presence of a lightning strike is only part of the
picture for claims adjusters. In
addition to the immediate risk
that a fire will be started, lightning can cause massive power
surges which destroy electrical
equipment and powerful shock
waves capable of fracturing
walls, windows and even foundations.
This damage is not always immediately
apparent, and many policies exclude
electrical surges and shock waves which
originate outside the property. Only a
thorough investigation will confirm that
lightning is the cause of the loss, and that
the loss is covered by the policy.
Lightning damage expert LM Griswold has noted that as soon as lightning
is mentioned, many insurance carriers
pay out on total loss HVAC claims without any investigation — a detail not lost
on unscrupulous HVAC companies. The
2015 Annual Claims Report
produced by HVAC Investigators recorded that when claims
were subsequently subjected
to an independent, field-based
investigation, more than 44
percent had been incorrectly
attributed to lightning. In some
cases, damage was due to wear-and-tear, in others, there was
in fact no damage, and many
of the claims were withdrawn.
The perfect storm
With an increasingly turbulent climate and an unsteady
economy, claims adjusters and investigators may find themselves weathering the
perfect storm of rising claims costs, increased levels of fraud and increased incidence of loss events. However, there is
nothing to fear since the clouds will soon
clear and the sun will shine again.
One Claim At A Time,
and that will never change.”
-William “Bubba” Ryan, CEO
“Earning Your Trust T
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