At BuildFax, we talk a lot about commercial properties. But our conversations typically focus on remodel rates by location or how much data we have – not how commercial carriers actually use BuildFax data. Here’s a peek behind the curtain – a collection of three stories from a few of our customer engagement managers. 1. Effective Year Built Commercial carriers …
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One of the first questions we usually get from insurance carriers is, “Do you have commercial property data?” The answer is yes! We have a ton of it. Here’s an infographic that breaks it all down. Check it out!
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A Couple of weeks ago we spoke with Sefton Patton about how the remodeling boom affects premium leakage. Check out our infographic on the topic!
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[infogram id=”_/igGPD475F8wS6rj2l5Gy” prefix=”kIi” format=”interactive” title=”Commercial Remodeling: Top 20 Cities”] Commercial Remodeling is on the Rise Remodels in the US are booming – and the trend isn’t just amongst residential properties. Commercial remodeling across the country increased by 7% between December 2014 and December 2015, and has increased 26% since 2013. Especially when compared to commercial new …
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There’s been a massive boom in remodeling across the country over the last few years. Residential remodels have increased by 9% between December 2014 and December 2015. Since 2010, the number of homes undergoing work has increased by 40%. Those statistics are just the beginning of what BuildFax has to show for in terms of …
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Last week we recorded a webinar relevant to carriers in Florida – The Florida Roof Life Cycle: Insurance Eligibility, Wind Mit Credits, and Using Knowledge of New Roofs to Your Advantage. Check it out! This webinar explores the life cycle of roofs in Florida and the implications for insurers at different age intervals, including: Aging …
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BuildFax works with dozens of the largest insurance carriers by helping them harness our extremely valuable data set to understand property condition so they can more accurately assess risk. One of the primary areas we lend expertise in is assisting carriers with probable maximum loss (PML) calculations to secure more favorable reinsurance terms. We …
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[infogram id=”_/8bYWrHGLngSKCjHgGkfy” prefix=”6NY” format=”interactive” title=”Top 20 Cities – Residential Remodels 2015″] Residential remodeling across the nation increased by 9% between December 2014 and December 2015, and has increased 40% since 2010. So it’s no surprise that places like Home Depot and Lowe’s are seeing revenues skyrocket. Home Depot same-store sales were up 8.9% in just …
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You’re finally ready to make those long-awaited home improvements and you’ve secured a contractor to help carry out the work – but you’ve still got one big question: What’s a building permit? Building permits are documents that prove construction projects, such as kitchen renovations or a home remodel, have been done in compliance with local …
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We’re proud to announce the public beta launch of our newest product, the BuildFax Report – Property history for smart investments. The BuildFax Report makes it easy to understand the critical details about a property so you can make a smart decision when it’s time to buy. Details like how old the wiring is, the …
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