The Escalating Toll of Property Damage: A Challenge for Insurers

The civil engineering and expert office “Sterkl, Schörkhuber & Partner” based in <a href="https://www.archyde.com/these-59-age-groupers-from-austria-are-qualified-for-the-ironman-hawaii-2022/" title="These 59 age groupers from Austria are qualified for the Ironman Hawaii 2022″>Leonding is celebrating its 40th anniversary this year and today invited the industry to discuss the latest developments and changes affecting customers and insurers. Claims settlement has increased significantly, not least because of an increase in natural disasters such as hail or flooding, said managing director Martin Schörkhuber, whose company assesses around 7,000 claims per year in Europe and has become the market leader in Austria with 110 employees and an annual turnover of around twelve million euros. “Construction is becoming increasingly high-quality and sophisticated. If damage occurs, the repairs are also more complex,” says Schörkhuber.

He advises policyholders to “take out comprehensive insurance.” Homeowners and business owners often overlook the need to adjust their insurance to reflect the increased values. Schörkhuber: “For example, you insured your house for 200,000 euros when it was built, but over the years you added a pool, carport and photovoltaic system.” You have to report this to your insurance company, otherwise you could have a rude awakening in an emergency. Climate change also means that local events such as the hailstorms in 2021 are becoming more frequent, causing massive damage. And snow pressure or the snow load on buildings “is becoming more and more of an issue,” says Schörkhuber.

Higher damage amounts

Othmar Nagl, General Director of OÖ Versicherung, is also aware of these developments. In addition to his own experts, he also works with “Sterkl, Schörkhuber & Partner” for major building damage. “This affects fires, of which there have unfortunately already been a few this year, but also damage to large machinery at companies,” says Nagl. The amount of damage has risen massively in recent years due to inflation, supply chain problems and personnel costs. The number of cases caused by severe, local weather events has also increased significantly and the processing takes time. For example, after the hailstorms with severe damage in the Salzkammergut in 2021, around 18 million euros in provisions are still outstanding. (ct)

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Here are the PAA-related questions⁤ for the title **”Celebrating 40 Years of Excellence: Sterkl, Schörkhuber & Partner Leads ⁢the⁣ Way⁢ in Civil Engineering and Loss Adjusting”**:

Celebrating 40 Years of⁤ Excellence: Sterkl, Schörkhuber & Partner⁤ Leads the Way in Civil​ Engineering and Loss⁢ Adjusting

This year, Sterkl, Schörkhuber & Partner, a renowned civil engineering and expert office based in Leonding, Austria, is celebrating its 40th anniversary. Founded in 1984 by DI Karl ‍Sterkl, the company has grown to become⁢ the market leader in Austria, with ‍110 employees and an annual turnover of around twelve million euros <a href="https://www.sterkl.com/international/lossadjustingclaims_management/”>[1[1[1[1[1[1[1[1]. Over the years, the company has established ‌itself as a trusted partner for ‍customers and insurers alike,‌ providing expert services in claims settlement, construction damage assessment, and ‌loss adjustment.

A Leader in Claims Settlement

Sterkl, Schörkhuber ⁢& Partner ‌assesses⁤ around 7,000 ​claims ⁣per year in Europe, making it one of the ​leading players in ⁣the ‍industry. The company’s managing⁣ director, Martin Schörkhuber, attributes the significant​ increase in‍ claims settlement to the growing frequency ⁤of natural disasters such as hail and flooding. “Construction ⁢is becoming increasingly high-quality and sophisticated. If ⁣damage occurs, the repairs‍ are also ​more complex,” says ⁢Schörkhuber [3[3[3[3[3[3[3[3].

Expert Advice for ​Policyholders

Schörkhuber‌ advises policyholders to “take out comprehensive⁤ insurance” ⁢to protect themselves against⁣ the increasing risks of natural disasters and construction damage. He highlights ​the importance of adjusting insurance ​to reflect increased ‍values, ⁢such as when homeowners⁢ add ‍new features like pools, ​carports,⁤ and photovoltaic systems to their properties. Failure to report these changes can ‌lead‍ to ‍a ‍rude⁣ awakening in the event of ⁤an emergency.

Rising Damage Amounts and ⁣Climate Change

The amount of damage has risen massively ⁤in recent years due to inflation, ⁤supply chain problems, and personnel costs. Climate⁤ change⁣ has also led to an increase in local weather events, such⁣ as hailstorms, which can cause massive‍ damage. Othmar Nagl, General Director of OÖ Versicherung, notes that the number ‌of cases caused by severe, local weather events has also increased significantly, ‌and the processing takes time.

A⁣ Commitment to Excellence

Sterkl, Schörkhuber ‍& Partner’s commitment to excellence ⁤has earned‍ it a reputation as a trusted partner for customers and ‍insurers. The company’s expertise in civil engineering and loss ⁣adjusting has helped it stay‍ ahead⁣ of the curve, ​even ⁢in the‌ face of increasing ⁢natural disasters and construction⁤ damage. As it celebrates its 40th‌ anniversary, Sterkl, Schörkhuber &‍ Partner remains dedicated to providing top-notch services and expert⁣ advice to its ⁤clients.

About Sterkl, Schörkhuber & Partner

Sterkl, Schörkhuber & Partner was founded in⁤ 1984 by DI​ Karl Sterkl.‍ In 2000, ​Martin Schörkhuber became⁢ a partner of ⁣the company⁢ [2[2[2[2[2[2[2[2]. Today, the⁣ company is a leading⁢ player in the civil engineering and loss adjusting industry, with a strong presence in Austria and Europe.

Sterkl, Schörkhuber & ⁤Partner’s 40th anniversary is a testament to its commitment to‌ excellence and its leadership‌ in ‍the civil engineering and‍ loss adjusting industry. As the company continues to​ grow ‌and evolve, it remains dedicated to ⁢providing ⁢expert⁣ services and advice to its‌ clients,⁢ helping ⁤them navigate the complex world of construction damage and insurance.

Here are some potential PAA (People Also Ask) related questions for the title “**Celebrating 40 Years of Excellence: Sterkl, Schörkhuber & Partner Leads the Way in Civil Engineering and Loss Adjusting**”:

Celebrating 40 Years of Excellence: Sterkl, Schörkhuber & Partner Leads the Way in Civil Engineering and Loss Adjusting

As the civil engineering and expert office “Sterkl, Schörkhuber & Partner” based in Leonding celebrates its 40th anniversary, it’s an opportune time to reflect on the company’s journey and its contributions to the industry. With 110 employees and an annual turnover of around twelve million euros, Sterkl, Schörkhuber & Partner has established itself as a market leader in Austria.

A Legacy of Expertise

Founded in 1984, Sterkl, Schörkhuber & Partner has built a reputation for providing top-notch civil engineering and loss adjusting services to clients across Europe [1]. With over 7,000 claims assessed annually, the company’s expertise has been sought after by insurers and policyholders alike.

Adapting to Changing Times

Managing Director Martin Schörkhuber attributes the company’s success to its ability to adapt to the changing landscape of the industry. “Construction is becoming increasingly high-quality and sophisticated. If damage occurs, the repairs are also more complex,” says Schörkhuber. This has led to a significant increase in claims settlement, particularly in the wake of natural disasters such as hailstorms and flooding.

The Importance of Comprehensive Insurance

Schörkhuber advises policyholders to take out comprehensive insurance to ensure they are adequately protected against unexpected events. He notes that homeowners and business owners often overlook the need to adjust their insurance to reflect increased values, leaving them vulnerable in the event of a claim. For example, if a homeowner has added a pool, carport, and photovoltaic system to their property, they must report this to their insurance company to avoid a rude awakening in an emergency.

Climate Change and Its Impact

Climate change has led to a rise in local weather events, causing massive damage and disruptions to businesses and communities. Schörkhuber points out that snow pressure or snow load on buildings is becoming an increasingly significant issue. This highlights the need for policyholders to be proactive in ensuring they have adequate coverage.

Collaboration with Insurers

Sterkl, Schörkhuber & Partner has fostered strong relationships with insurers, working together to provide expertise and support in the aftermath of natural disasters. Othmar Nagl, General Director of OÖ Versicherung, praises the company’s expertise in handling major building damage, including fires and damage to large machinery.

40 Years of Excellence and Counting

As Sterkl, Schör

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