Page 45 - Insurance Times July 2024

Rising Insured Losses: Strategies for Effective

Water Damage Restoration

N atural disasters caused a staggering global action can mitigate severe secondary damage, minimize

economic loss of US$270 billion last year, with
reconstruction needs, and lower insurance claim expenses.
insured losses reaching US$111 billion. These
numbers reflect a troubling trend, as insured losses have Professional restoration companies like TDS Asia employ
advanced techniques and equipment to efficiently dry out
been rising by 5% to 7% annually over the past decade. water-damaged structures, preserving valuable assets and
Floods and other secondary risks accounted for over 70% of reducing downtime.
these insured losses, emphasizing the need for effective
water damage mitigation strategies. Restorative Drying Techniques
Restorative drying is a highly effective process that aims to
return materials to their original functional state. TDS Asia
specializes in this technique, utilizing cutting-edge
equipment to restore structural items, furniture,
electromechanical equipment, and even valuable documents
and artwork. This method is ideal for commercial and
industrial spaces with intricate layouts.

Desiccant Dehumidification
Desiccant dehumidification is an energy-efficient way to
remove moisture using materials that naturally absorb
Water damage can originate from various sources, including water. TDS employs desiccant-based dehumidifiers and high-
broken appliances, burst pipes, and natural disasters like velocity air blowers to accelerate the drying process. This
hurricanes and floods. The severity of water damage is technique is especially effective in industrial settings,
categorized into three levels: Category 1 (clean water), ensuring swift and thorough moisture removal.
Category 2 (gray water), and Category 3 (black water).
Prompt and professional intervention is crucial in preventing In the face of increasing natural disasters, insurance
the escalation from Category 1 to more severe levels, which companies must leverage advanced restoration services to
pose greater health risks and structural damage. minimize water damage losses. By partnering with
professional restoration firms like TDS Asia, insurers can
Timely professional Water Damaged Restoration (WDR) enhance their efficiency, profitability, and resilience against
services are vital in reducing financial losses. Immediate future water-related incidents.

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40 July 2024 The Insurance Times