Often, it’s unknown or incomplete information that proves costly. Past and future site-specific weather events, prior incidents that didn’t result in filed claims, potential risks from neighboring properties — all are risks you need to know about. Verisk’s Peril and Incident Report gives you the complete picture of a property’s risks, allowing you to set premiums more precisely or know which properties not to underwrite.
You get a historical record for the six most recent years available of reported fire and gas emergency calls — and not just those that resulted in a filed claim. The incidents may suggest the presence of risks and a lack of precautions previously unknown to you that warrant additional examination.
Understanding the effects of weather events and previous damage is vital. That includes wind events, advanced terrain analytics and nonmodeled hail, lightning strikes, and wildfire events. Drawing on data from the Benchmark® weather history database and Respond® real-time natural hazard analytics, the report details trend indications and historical occurrences down to the street level for the last five years. You also get the date of the last event and our Hail Damage Score®, which shows the probability a property suffered damage in a previous hail event.
You can use this data to better understand risks, align them with your underwriting guidelines, and prioritize inspections for those properties with a history of incidents that didn't result in a corresponding claim — all of which gives you a competitive advantage.
Get more reliable, component-based replacement cost estimates that account for virtually all material and labor required to rebuild with 360Value for commercial lines.
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