Did you know 14% of insured properties have experienced coverage-impacting events since policy inception? From a new pool to a new vacancy, risk constantly evolves for the homes you insure and their owners. And yet, 63% of vacant properties are written on traditional homeowners forms. Property change detection at renewal demands constant awareness.
Tap the profit potential in renewals with timely data that overlays property and homeowner change events and helps provide a clear view of your book.
Monitor property changes at renewal that may require an adjustment in premium.
Flag higher-risk policies that call for a review or property inspection before renewal.
Measure changes to property risk profile in your renewal book against surrounding housing stock.
Keep up with essential data on property improvements and material and labor prices.
Identify higher-risk properties that may need an on-site visit—and know when you can skip the in-person inspection.
The multiple ways property risk can change call for a holistic view built on a diverse ecosystem of data and analytics. Change Detection looks at the risk from multiple angles to give you a more complete perspective on upcoming renewals.
Track permits and premium-impacting events. See how maintenance or modifications can mitigate risk or change the insurance-to-value equation.
Use owner information as an indicator for condition issues. Uncover changes in life and financial status that suggest potential for neglected maintenance and deferred repairs.
Uncover granular details about properties—and their surroundings.
Use virtual inspection capability to efficiently gather and confirm critical information.
Uncover risks and bring application data to life with high-resolution aerial imagery.
Know the health and age of a structure’s major systems to support accurate risk assessment.
Pull critical homeowner underwriting data forward with a configurable solution.
Get risk-specific, address-level information for every property in your book of business.