Property owners have been on a renovation frenzy—popping up patios, slapping on solar panels, putting in pools, and generally sprucing up the place. While these renovations may make for super staycations and keep contractors like our friend Diane below busy, they can pose a significant challenge to personal property underwriters.
Knowing when a property has been updated is critical, as these changes can add new property or liability risks, and influence premium and insurance-to-value considerations.
For insurers, keeping up with contractors like Diane requires accurate, up-to-date data on property change events. Because Diane isn’t slowing down, and neither should you.