New Report: More Than 60% of Reported Perils in Electronics Claims Were Inaccurate
StrikeCheck 2024 Annual Claims Report highlights the importance of cause of loss verification
CHARLOTTE, N.C., March 26, 2025 /PRNewswire/ -- Electronics and electrically powered specialty items that were included in property claims assigned to a leading national assessment company in 2024 didn't sustain damage from the reported cause of loss 61% of the time. Not only did more than half have an inaccurate reported cause of loss, 29% of electronics were determined to be in proper working order at the time of assessment. These are some of the many key findings included in the new StrikeCheck 2024 Annual Claims Report, which provides insurance professionals with an inside look at the data, trends, and insights about claimed electronics, the perils that impacted them, and more.
StrikeCheck, which is part of the Alpine Intel suite of services and provides fact-driven onsite assessments, desktop pricing reviews, and lightning verification reports, compiled and analyzed the results of all the assignments given to them from insurance carriers nationwide in 2024. Among the analyses are items frequently included in claims, repair and replacement cost comparisons, and breakdowns of specific perils, including high voltage surge, water, and wear and tear. Special sections about appliances, consumer electronics, electrical service panels, water heaters, and solar power equipment show how the nearly 400 different types of electrically powered equipment StrikeCheck evaluated can affect policyholders and wind up in claims.
"Electronics are integral to daily life for policyholders, and each one represents potential risk to carriers if a related claim isn't handled accurately, fairly, and quickly," said Damon Stafford, StrikeCheck's founder and CEO of its parent company Alpine Intel. "Through the annual claims report, insurance professionals can review the data that reiterates the discrepancies between reported and actual causes of loss, damage scopes, and repair and replacement costs for themselves."
Because so many claims are related to weather, particularly lightning, the report has a section with graphs and trends about lightning verification, including average distance from loss locations, states with the most reported lightning losses, and times of the year with the most strikes. The report also includes analyses of claims stemming from Hurricanes Helene, Beryl, and Milton to demonstrate how often damages were unrelated.
The StrikeCheck 2024 Annual Claims Report is available for free as part of StrikeCheck and Alpine Intel's mission to provide expert facts, resources, and solutions for insurance professionals nationwide.
About StrikeCheck: StrikeCheck offers fast cycle times and comprehensive claim solutions, through fact-driven onsite assessments, desktop pricing reviews, and lightning verification reports. For property insurance claims involving electrically powered equipment, appliances, and specialty electrical items, StrikeCheck eliminates speculation and guesswork to help clients make better claim settlement decisions.
About Alpine Intel: Alpine Intel is dedicated to innovation across the property, auto, liability, and workers comp insurance fields—helping customers reach peak performance throughout the policy life cycle. Through their operating brands, HVACi, StrikeCheck, National Fire Experts, Donan Engineering, Component Testing Laboratories, VRC Investigations, The Robison Group, TechLoss Restoration & Consulting, BSC Forensics, and Mecanica Scientific Services, they are respected as the industry leader for their scale and track record of conducting expert, specialized, and accurate investigations nationwide. https://alpineintel.com/
Contact:
Katie Roudabush
Chief Marketing Officer, Alpine Intel
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SOURCE StrikeCheck