Conditions Solutions for Personal Property
You may need a wide range of indicators to fully assess property condition.
Tracking property condition can be a complex endeavor. An ecosystem of data, imagery, and powerful analytics can help assess age, upkeep, and even hidden damage that can affect the roof, major systems, and property features.
The Lifecycle of a Property
The Lifecycle of a Property
Discovering property change events helps insurers obtain a clearer view of their portfolio to help focus on profitability, maintain underwriting standards, focus on new business growth, and help homeowners protect their investments with adequate coverage.
Understand the health of a structure’s major systems
Understand the health of a structure’s major systems
Knowing the health and age of a structure’s major systems—building, mechanical, electrical, and plumbing—can support accurate and customer-friendly risk assessment.
Keep score on property upkeep and improvements
Keep score on property upkeep and improvements
The pace of property remodels, updates, and maintenance is increasing. If not captured, this could undermine pricing, new business underwriting, and portfolio management.
Assess a home’s first line of defense against the elements
Assess a home’s first line of defense against the elements
A roof is costly and subject to relentless wear and tear—so its often considered a critical property underwriting attribute. Insurers need to know its condition, uncover any hidden damage, and determine when inspection may be warranted.
See property risk clearly from different angles
See property risk clearly from different angles
From high-resolution aerial imagery to ground-level views, imagery analytics can reveal critical data about property condition and liability risks such as pools and other features and amenities.
Leverage nontraditional data to help uncover hidden risk
Leverage nontraditional data to help uncover hidden risk
Examine homeowner characteristics and changes, including length and status of ownership and occupancy, as well as mortgage activity that may correlate with upkeep and potential inspection needs.
Assess property condition
Use an ecosystem of data, imagery, and powerful analytics to assess age, upkeep, and hidden damage affecting the roof, major systems, and property features.
Keeping up with home improvements—and insurance to value
Keeping up with home improvements—and insurance to value
Knowing when a property has been updated is critical, as these changes can add new liability risks and insurance-to-value considerations.
