CATS Expertise Leads to 30% Saving on High-end Projector
Key Facts
- The insured had suffered impact damage to high-end projector
- After inspection, CATS identified that the item was beyond repair
- It was recommended the claim was cash settled at CATS replacement price
- The CATS team saved the insurers 30% total
CATS are heavily involved in the assessment, repair and replacement of projectors particularly in the education sector.
The Claim
The insured had suffered impact damage to their high-end Panasonic DLP projector. CATS collected and inspected the item and found it to be beyond repair. The insured had already replaced the item and CATS agreed that the replacement was the nearest current equivalent. However, the price paid by the insured was very high and CATS therefore recommended cash settling at a more fair and reasonable current market value.
The Resolution
The claim was cash settled at CATS replacement price equivalent to a 30% saving.
If you have a technology claim for any type of visual equipment then instruct us today.