Over the past decade, thousands of lawsuits related to mold have been filed in the US. Mold claims today usually exceed $100,0001. In the beginning of 2001, toxic mold was coined with the phrase "asbestos of the new millennium". This was the result of Farmer's Insurance Co. paying $310 million for mold claims in 2001. Mold was becoming an increasing health issue and the insurance industry was taking the hit. In 2002, insurance companies paid $3 billion in mold claims and over $9 billion in 2003. Because of this, today some insurance companies exclude mold coverage all together in their plans2.
"Catastrophes may be the single greatest challenge impacting the insurance industry, affecting underwriters, adjusters, and policyholders alike." — Larry Cochran of Claims Magazine
In 2005, Hurricane Katrina struck the Gulf Coast resulting in excess of $90 billion in damages. The insurance industry had to handle an estimated two million claims. Over 15,000 insurance adjusters were dispatched to handle these claims3. Many claims were not addressed immediately due to lack of man power. Flooding and water damage that was not treated quickly resulted in excessive mold growth.
A new heat treatment method can save insurance and real estate companies billions by providing a highly effective mold and water damage recovery solution. The new ThermaPureHeat® process is the most innovative, effective, and environmentally-safe water damage and mold remediation solution available. This structural pasteurization process kills mold, bacteria, viruses, and pests by utilizing clean, dry, odorless heat.
ThermaPureHeat is preferred over traditional flood recovery and mold remediation methods for a number of reasons:
How ThermaPureHeat works is dry, pure heat is pumped into the structure using ducts and propane-fired heaters that have a blower. Fans are used to distribute the heat evenly. The goal is to hit a target temperature and sustain that temperature for a specific amount of time, all while maintaining equal distribution of the temperature. Once the treatment is complete, cleaning occurs. Any visible mold is removed. In some cases, if mold is packed away deep into the structure, such as in the drywall, gross removal may be used to remove contaminated architectural elements. If done correctly, the structure is dried out and free of mold. [Learn more on how ThermaPureHeat works.]
Studies have shown heat to be effective in destroying mold spores, bacteria, viruses, insects, and other heat-sensitive microorganisms. Heat can dry out wet buildings much quicker than traditional flood restoration methods, such as air movement and dehumidification.
ThermaPureHeat has the ability to penetrate and kill organisms in inaccessible spaces such as crawl spaces, cavities, behind dry wall, and vapor barriers. Most mold remediation techniques just remove the mold growth by brushing, sanding, HEPA vacuuming, or wiping. ThermaPureHeat kills the mold, preventing it from returning. This takes care of any future re-infestation issues. The process also dries out the structure, which is ideal for water damage recovery projects. Since the structure is dry, the cause of the mold growth to begin with is taken care of.
An insurer often times cover building structures, their contents, and the loss of use of the dwelling. Long remediation and flood recover methods can cost insurers more money if the residents need to be relocated temporarily. ThermaPureHeat is fast and effective. No multiple-day move outs are required. This cost insurers less for overall meals and lodging expenses.
To learn more about ThermaPureHeat, contact us today!. Also view an article titled Heat Treatment Method Provides Water Damage/Mold Relief in the May 2006 issue of Claims Magazine.
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