Raleigh, NC, June 05, 2008 --(PR.com
)-- Doug Malawsky, senior vice president and COO of Horticultural Asset Management, Inc. (HMI) (www.moneygrowsontrees.com), has announced that the firm has expanded distribution of its Priority Tree Inspections in advance of the upcoming summer storm season, which is forecast to be active this year. HMI’s Priority Tree inspections include a visual inspection of the large trees and shrubs (trees) proximate to a home or structure. The inspection is conducted by International Society of Arboriculture (ISA) Certified Arborist’s who have received further training on HMI’s data collection software and protocols. Following the inspection, property owners will receive a TreeFactsTM Priority Tree Report which provides the types, location, size, current replacement value, health rating and list of symptoms for each tree.
Research has proven conclusively that trees that are unhealthy or are structurally unsound represent a large majority of trees that fail in high winds. Furthermore, other studies have concluded that the leading cause of damage to homes and other structures during wind storms is from trees losing limbs or falling. Because of this clear link between the health of large trees and their ability to withstand adverse conditions, insurance companies and property owners are purchasing HMI’s Priority Tree inspections now, before the summer storm season is in full swing. HMI’s network of Certified Arborists are also able to provide remedial services if requested to address any issues which may be uncovered. For more information, please visit www.moneygrowsontrees.com.
“We are happy to see recognition in the insurance industry that tree health is an important lead indicator of a property’s risk of loss profile,” said Malawsky. “HMI’s standardized and affordable inspection process is giving property owners more information about their trees than they have ever had access to. We hope we are able to contribute to fewer losses of these valuable assets and less damage to personal property.”
“Some time ago, I analyzed the primary cause of tree loss during a category 3 hurricane on behalf of a large insurance company,” said Jim Ingram, vice president and division manager with Bartlett Tree Experts. “One hundred percent of the tree failures we analyzed were suffering from poor pre-existing conditions. Furthermore, over half of the claims for property damage were caused by tree failures. This is compelling evidence that significant losses during storms can be mitigated if addressed in time.”
About Horticultural Asset Management, Inc. (HMI):
Horticultural Asset Management, Inc. (HMI) is the only source for standardized replacement cost valuation data and objective inspections of the condition of trees and shrubs (trees) on residential and commercial properties. Working with leading horticultural and arboricultural experts, HMI has developed proprietary data collection software which enables its national network of Certified Arborists to efficiently and accurately inventory the trees on a property. When this data is uploaded to HMI’s patent-pending evaluation system, the company is able to provide property owners, buyers, insurers, accountants and others with detailed reports that include critical information about the specific type, value and condition of these important assets. HMI’s replacement cost valuation data is a definitive source of information for tree appraisals as well. HMI is enabling property owners to better manage their valuable trees by supporting improved insurance products and providing important information about any trees which may require remedial services to protect against a loss of the tree or damage to a nearby structure or other asset. For more information, please visit the Web site at www.Moneygrowsontrees.com or call (866) 937-6468.
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