Policyholders forget to inform their carrier about a lot of property upgrades. But there’s one upgrade we’ve seen a massive uptick in over the last few years that you may not have thought of. Solar. This puts your policyholders at risk for being underinsured. Increased Exposure – Don’t Leave Your Policyholders Underinsured! These property …
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If you’ve installed a solar array on your property, it’s very important to let your home insurance carrier know about it. Why is this so important to tell them? Because the new investment you’ve made may not be protected. Just like any other improvement to your home, a solar array is going to affect its value. The more …
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The BuildFax building permit database is huge. It’s massive. It’s gargantuan. In fact, it’s the largest of its kind. You can read all about it here, and check out the infographic below.
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An underserved market BuildFax property data has been utilized by the largest insurance carriers for years to mitigate risk and drive underwriting decisions. Many smaller carriers have expressed interest in this type of data but often worry about costs and implementation time. BuildFax is proud to offer a new solution that removes those common barriers …
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BuildFax works with many of the nation’s largest carriers to help better price, underwrite, and market to specific risks. Our unparalleled property insight comes straight from the source – our massive database containing over 23 billion data points of building and remodeling records. This article explores the various lifecycle stages of roofs in Florida and …
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There’s a lot of good risk in the US. Here’s an infographic to break it all down. If you have any questions, contact us today.
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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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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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