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VISUALIZE | INSIGHTS THAT POWER INNOVATION

Keeping up with home improvements—and insurance to value

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. 

Property owners have been on a renovation frenzy—popping up patios, slapping on solar panels, putting in pools, and generally sprucing up the place.

Life Cycle Whitepaper 3

The Life Cycle of a Property: Uncovering Property Changes and Hidden Risks to Support Insurance to Value

Don’t let renovations outpace your portfolio’s profitability. Learn how to uncover property changes and hidden risks to better support insurance to value.

Download our new whitepaper

Barbara Gipson

Barbara Gipson is senior director of personal property product management at Verisk. She can be reached at Barbara.Gipson@verisk.com.

Trish Hopkinson

Trish Hopkinson is product director, 360Value personal lines, for Verisk. You can reach Trish at thopkinson@verisk.com.


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