As a condition within an insurance policy, insureds are required to show good faith by providing all relevant information, taking certain preventative measures (eg installing particular types of door & window locks in a property), and by maintaining the insured item(s) in a good condition. Where, during a claim, an insurer or loss adjuster finds such clauses have not been met this can have an adverse effect on payment of any claim and can also result in higher premiums.
A proactive survey using thermal imaging technology is a good way of demonstrating good faith e.g. a thermal survey of the exterior of a property showing the integrity of the building. Insurance companies are increasingly requesting a thermal survey be conducted in order to establish a robust baseline – be it for real estate, for industrial premises with machinery working 24/7, at Electrical & Mechanical installations or in other applications e.g. with horses & livestock.
Thermal imaging can also be used to survey cargoes eg to show the extent of any damage caused by the ingress of water or infestation by mice, given thermal imaging’s ability to highlight what is invisible to the eye.
An up to date & comprehensive report on your assets by ThermoSurvey Ltd has many applications for insurance and can help maintain a strong relationship with your insurance company.
A professional thermal survey is an important due diligence tool both for Buyers and Sellers.
By providing a thermal survey report Sellers have added quality assurance which they can make available to prospective buyers and which can underpin the valuation/price. Buyers too have an important method of verifying the integrity of assets they are considering purchasing – eg livestock, real estate, industrial & commercial, land, infrastructure, art.
Contact ThermoSurvey Ltd for a transaction-related thermal survey.