Installing Smart Tower on a tower site offers a number of insurance considerations and potential benefits. Several specialty insurance carriers have indicated that they would offer a reduction in insurance premiums when the Smart Tower system is deployed, due to the reduction of risk. These costs are a direct reduction to the owner’s bottom line costs, year after year. Of course, all potential coverage is subject to underwriting, but the possibilities are very promising.
Insurance carriers view the continuous structural health monitoring very favorably. They also view the alert notification feature as a significant benefit to risk mitigation.