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! Read More
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! Read More
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... Read More
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... Read More
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... Read More
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... Read More
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... Read More
