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BuildFax is the one-stop shop for national building, remodel, and repair data.

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Industry Solutions

Insurance

BuildFax is a national database of property intelligence based on building permit data that reduces costs, increases profits, and helps you create a better book of business...



  • MARKETING
  • LEARN MOREMarketing Leads Market to homeowners who are investing in their homes, which have a superior risk profile to the average home.

    What makes this product special?

    • Market to better risks
    • Target your marketing more effectively

    Why choose this?

    • Only source for roof leads
    • Target better risks
  • UNDERWRITING
  • LEARN MORERoof History - Prefill Report Match customers to the correct products and endorsements without relying on self-reported roof age.

    What makes this product special?

    • Offer the right products
    • Capture better risks
    • Charge the right premium

    Why choose this?

    • The only source for accurate roof age
    • Better risk management
    • Multiple delivery options
  • LEARN MORERoof History - Desk Review Access roof age intelligence without any integration time or effort.

    What makes this product special?

    • Make better underwriting decisions
    • Target inspections more intelligently
    • Verify discounts more efficiently

    Why choose this?

    • Save time and money
    • Immediate report access
    • Multiple delivery options
  • POLICY MANAGEMENT
  • LEARN MOREChange Detection Focus only on the customers who have recently put on an addition or completed a remodel.

    What makes this product special?

    • Find underinsured policies
    • Prioritize Your Resources
    • Reduce exposure

    Why choose this?

    • Reliable data for change detection
    • Save time and money
    • Better risk management
  • LEARN MORERoof History - Risk Reduction/Loss Avoidance Use BuildFax's roof age intelligence to make product and discount eligibility determinations.

    What makes this product special?

    • Make the right renewal decisions
    • Reduce churn and save money
    • Charge the right premium
    • Optimize probable maximum loss

    Why choose this?

    • The only source for accurage roof age
    • Save time and money
    • Better risk management
  • LEARN MORERoof History - Probable Maximum Loss Up-to-date roof age information for reduced PML calculations and reinsurance premiums.

    What makes this product special?

    • Reduce reinsurance premiums
    • Fast data turnaround

    Why choose this?

    • The only source for accurate roof age
    • Save time and money
  • CLAIMS
  • LEARN MORERoof History - Claims Report Avoid paying twice when a second claim is filed after the first was not properly repaired.

    What makes this product special?

    • Calculate depreciated value based upon actual age
    • Stop paying on fraudulent double claims

    Why choose this?

    • Verify the repair for better risk management
    • Enhanced customer experience
    • Multiple delivery options
  • PRODUCT
  • LEARN MORERoof History - Loss AnalysisDevelop premiums more consistent with the risk profiles of each property.

    What makes this product special?

    • Charge the right premium
    • Understand the impact of accurate roof age on loss prediction
    • Rate the accuracy of your existing roof age.

    Why choose this?

    • Measure the impact of BuildFax roof age on your business
    • Develop a comprehensive plan that includes and weights BuildFax roof age properly

BuildFax Report: MARKETING LEADS Targeted Homeowner Leads

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Description

Product Description

BuildFax is the only U.S. provider of home construction history data, which allows insurers to market directly to homeowners who have recently invested in their homes. BuildFax Marketing Leads are available to carriers to improve the quality of their customer base.

marketing leads sample
POLICY MANAGEMENT
UNDERWRITING
►MARKETING
PRODUCT
CLAIMS
  • Market to better risks: Use BuildFax's unique database of remodels and upfits to market to homeowners who are investing in their homes and making their homes likely to be less significantly impacted by perils.
  • Target marketing materials better: Homeowners who have recently remodeled will be more receptive to a letter about remodeling; likewise, homeowners who have recently replaced their roofs will be more receptive to a roof-specific piece.
  • The Only Source for Roof Leads BuildFax has the only national database of updated roofs, and across many loss analyses, BuildFax's list of homes with updated roofs have significantly lower loss ratios than similar homes with older roofs.
  • Target Better Risks Studies have shown that homeowners who invest in their homes are better risks than those who are more passive caretakers. Only BuildFax can identify those properties that have had recent permitted work improving homes.
Sample

Sample Marketing Leads output

marketing leads sample

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BuildFax Report: CHANGE DETECTION Identify Underinsured Policies

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Description

Product Description

BuildFax is the only U.S. provider of remodel and addition data, which allows insurers to more accurately price policies when owners improve their homes. The BuildFax Change Detection Batch product is available to carriers to optimize their Insurance-to-Value ratio.

change detection
►POLICY MANAGEMENT
UNDERWRITING
MARKETING
PRODUCT
CLAIMS
  • Find underinsured policies: Use BuildFax's change detection to identify the homeowners who have made significant improvements to their homes.
  • Prioritize Your Resources: Spend your resources on the customers who have made changes, not those who have not.
  • Reduce exposure: Limit the number of underinsured policyholders suing for full replacement cost in the case of a total loss, regardless of policy limits.
  • Reliable Data for Change Detection Homeowners rarely call their insurers after an addition or significant remodel. Carriers have not had any effective way to find out which homes have been significantly improved.

    BuildFax Change Detection is based upon building permit records, an independent, unique, and highly accurate data source, providing a targeted analysis specifically for insurance carriers.
  • Save Time and Money Inspections across an entire book take months or years and are extremely expensive. Mailed surveys take weeks and have very low response rates.

    For around the cost of running a comprehensive survey, BuildFax Change Detection provides accurate change detection with less than a week turnaround time.
  • Better Risk Management BuildFax Change Detection provides comprehensive information about all permitted changes to homes, from updated roofs to finished basements, allowing carriers to develop premiums more consistent with the risk profiles of each property.
Sample

Sample Change Detection output - Executive Summary

Change Detection batch screenshot

Sample Change Detection output - Record listing

Change Detection batch screenshot

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BuildFax Report: ROOF HISTORY On-Demand: Prefill

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Description

Product Description

BuildFax is the only U.S. provider of accurate, on-demand roof age information, which allows insurers to avoid bad risks and win good risk business. The BuildFax Roof History Prefill product is available as an instantaneous, web-based report, or as an instantaneous web service data feed.

Prefill examples
POLICY MANAGEMENT
►UNDERWRITING
MARKETING
PRODUCT
CLAIMS
  • Offer the right products: Match customers with the right products based upon the home roof risk profile.
  • Capture better risks: Customers with newer roofs have lower loss ratios; identify them and offer discounts.
  • Charge the right premium: Use BuildFax's roof age intelligence to validate the roof age you get from applicants and agents.
  • The Only Source for Accurate Roof Age Carriers who want roof age information on policies either use BuildFax or rely upon self-reported values. In multiple loss analyses, BuildFax roof age information has been found to be predictive of higher loss ratios, while self-reported roof age has not.
  • Better Risk Management As more carriers bring BuildFax roof age into their workflows and promote ACV coverage for roofs, the number of homeowners with older roofs shopping for insurance is growing. Avoid being the victim of adverse selection by getting a comprehensive understanding of roof age.
Sample

Sample Prefill output - Formatted XML

Sample prefill output

Sample Prefill output - Formatted HTML

Sample prefill output
Delivery

Delivery Options

BuildFax makes the following delivery options available:

  • XML via web service, from BuildFax or partners
  • PDF via web service
  • HTML and PDF via web portal

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BuildFax Report: ROOF HISTORY On-Demand: Desk Review

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Description

Product Description

BuildFax is the only U.S. provider of accurate, on-demand roof age information, which allows insurers to avoid bad risks and win good risk business. BuildFax Roof Age Intelligence is available as an instantaneous, web-based report, to use at desk review, or as an instantaneous web service data feed.

Desk Review examples
POLICY MANAGEMENT
►UNDERWRITING
MARKETING
PRODUCT
CLAIMS
  • Make better underwriting decisions: Use BuildFax's roof age intelligence to make intelligent bind, product, and endorsement decisions.
  • Target inspections more intelligently: Avoid paying for inspections on properties where BuildFax shows a new roof.
  • Verify discounts more efficiently: Stop requiring homeowners to produce receipts from years ago - or stop allowing discounts based upon self-reporting.
  • Save Time and Money: Verifying roof details on a home often requires an expensive onsite inspection and days of waiting. BuildFax can be used to verify that a home qualifies for discounts or credits instantaneously, and for the fraction of the cost of an inspection.
  • Start Accessing Reports Today: It can often be difficult to bring a new data source into underwriting processes because of the extensive IT integration work that is often necessary. BuildFax's easy-to-use web portal can be activated the same day a carrier signs up, and easily fits into existing workflows.
Delivery

Delivery Options

BuildFax makes the following delivery options available:

  • XML via web service
  • PDF via web service
  • HTML and PDF via web portal
Sample

Sample Desk Review HTML output:

Desk Review screenshot

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BuildFax Report: ROOF HISTORY On-Demand: Claims

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Description

Product Description

BuildFax is the only U.S. provider of accurate, on-demand roof age information, which allows insurers to avoid bad risks and win good risk business. BuildFax Roof Age Intelligence is available as a quick, web-based report, to use at claims review, or as an instantaneous web service data feed.

Sample claims output
POLICY MANAGEMENT
UNDERWRITING
MARKETING
PRODUCT
►CLAIMS
  • Calculate depreciated value based upon actual age: Use BuildFax's roof age intelligence to avoid overpaying on ACV policies.
  • Stop paying on fraudulent double claims: Use BuildFax's roof permit detail to validate prior repairs and avoid paying twice to repair the same damage.
  • Verify the Repair for Better Risk Management After cutting the claim check, most carriers have no way of verifying that the repair was properly completed. If the home now has an improper repair - or no repair at all - it now has a worse risk profile. BuildFax provides the only automatic and non-invasive system for verifying that repairs were properly permitted and completed.
  • Enhanced Customer Experience Homeowners often make a decision to stay or leave their current carrier after a claim. As more carriers move toward ACV policies on roofs, they will see more arguments with their customers over depreciated-value calculations. BuildFax can limit these arguments by providing a detailed and accurate construction history of the home at the beginning of the claim, giving the carrier more definitive evidence on roof age.
Delivery

Delivery Options

BuildFax makes the following delivery options available:

  • XML via web service
  • PDF via web service
  • HTML and PDF via web portal
Sample

Sample Claims HTML output:

Sample claims output

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BuildFax Report: ROOF HISTORY Batch: Risk Reduction/Loss Avoidance

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Description

Product Description

BuildFax is the only U.S. provider of accurate, on-demand roof age information, which allows insurers to avoid bad risks and keep good risk business. The BuildFax Roof History Batch product is available to carriers to provide them with advanced roof intelligence throughout their book.

Sample Risk Reduction output
POLICY MANAGEMENT
UNDERWRITING
MARKETING
►PRODUCT
CLAIMS
  • Make the right renewal decisions: Use BuildFax's roof age intelligence to make product and discount eligibility determinations.
  • Reduce churn and save money: Use BuildFax's roof age intelligence to limit the number of surveys and inspections you conduct.
  • Charge the right premium: Use BuildFax's roof age intelligence to validate the roof ages of existing policies.
  • Optimize Probable Maximum Loss: Update roof age and shutter information to reduce cat model calculations of the PML for your book.
  • The Only Source for Accurate Roof Age Carriers who want roof age information on policies either use BuildFax or rely upon self-reported values. In multiple loss analyses, BuildFax roof age information has been found to be predictive of higher loss ratios, while self-reported roof age has not.
  • Save Time and Money Inspections across an entire book take months or years and are extremely expensive. Mailed surveys take weeks and have very low response rates.

    For around the cost of running a comprehensive survey, BuildFax provides accurate roof age intelligence on an entire book with less than a week turnaround time.
  • Better Risk Management BuildFax provides comprehensive information about roofs, from age to local roof code enforcement, allowing carriers to develop premiums more consistent with the risk profiles of each property.
Sample

Sample Risk Reduction output:

Sample Risk Reduction output

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BuildFax Report: ROOF HISTORY Batch: Probable Maximum Loss

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Description

Product Description

BuildFax is the only U.S. provider of accurate, on-demand roof age information, which allows insurers to avoid bad risks and keep good risk business. BuildFax Roof History Batch can provide carriers with updated roof and shutter age information on homes.

Sample PML output
►POLICY MANAGEMENT
UNDERWRITING
MARKETING
PRODUCT
CLAIMS
  • Reduce Reinsurance Premiums: Update roof age and shutter information to reduce cat model calculations of the PML for your book.
  • Apply in Days: Receive data from BuildFax within 5 business days of submitting a file.
  • The Only Source for Accurate Roof Age Carriers who want roof age information on policies either use BuildFax or rely upon self-reported values. Carriers who do not have any roof age information on file find that BuildFax is the fastest and easiest method to append roof age to their book. Carriers who currently use self-reported values find that BuildFax can identify many homes with newer roofs that have not been reported.
  • Save Time and Money Inspections across an entire book take months or years and are extremely expensive. Mailed surveys take weeks and have very low response rates. For around the cost of running a comprehensive survey, BuildFax provides accurate roof age intelligence on an entire book with less than a week turnaround time.
Sample

Sample PML output:

Sample PML output Sample PML output

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