The Escalating Financial Impact of Water Damage Claims: A Strategic Analysis
Over the past decade, insurers have reported significant cost increases associated with water damage claims. In Australia, research from Chubb reveals that the average claim for water damage increased by 72% in the five-year period between 2014 and 2018, rising from $17,627 to $30,361. While no single reason accounts for this escalation, the rising costs […]
Assessing Floodwater – Affected Cool Room Panels
A common concern in the restoration industry is whether cool room panel assemblies must be automatically removed and disposed of following contact with contaminated floodwater. It is the technical position of Restoration Industry Consultants that no industry guidelines or standards currently stipulate a universal requirement for the disposal of affected cool room panels. Instead, the […]
