A comprehensive view of roof risk
From an underwriting perspective, a roof is one of the most important attributes of a property. However, it can have hidden damage. Fortunately, there’s a better way to examine risk. Verisk provides insurers with detailed information on residential roofs.
Combining artificial intelligence and machine learning with leading data and analytics, Verisk provides key roof insights for every property you insure.
Explore the challenges of roof assessment and how Verisk provides insurers with data to verify the age, condition, and characteristics of a roof, as well as its potential for hail and wind damage. This enables insurers to accelerate underwriting and more accurately assess risk.
Verisk combines permit insights, assessor records, and an array of other data elements to assess the age of a structure’s roof using our deep industry experience and advanced data science.
With high-resolution views, see how a roof’s condition changes over time and capture potential hazards: Nearby or overhanging trees, materials that are especially prone to damage, and expensive attachments such as solar panels.
This report reviews and summarizes U.S. hail activity in 2020, including breakdowns of severe events and the most active states and counties. Also discussed are impacts in the “hail alley” region and strategies for insurers to make better-informed underwriting decisions.
Validating roof age is an ongoing challenge for homeowners insurers that demands a range of reliable sources to verify age, condition, and characteristics.Read the article
A new Verisk white paper, U.S. Hail Damage Insights, examines key topics and data for insurers concerning hail, which can cause damage that goes undetected.Read the article
Verisk has facilitated insurers’ ability to manage roof risk with 360Value Roof Actual Cash Value (ACV), a tool for estimating a roof’s actual cash value.Read the article
Hail Damage Score assess the potential for pre-existing hail damage to a property. Hail Risk Score measures the likelihood of future damage over the short to medium term.