A complementary data set can deliver a powerful impact at critical decision points in your homeowners quoting workflow.

What’s hiding in your portfolio?

Adverse selection and unrecognized risks can be a constant drain on profitability in property insurers’ portfolios. Properties held under an LLC are nearly three times as likely to have condition issues, and 1 in 100 properties on insurers’ books is vacant. Around 22% of rental listings are found to be insured on homeowners forms.

Leverage nontraditional data to help uncover hidden risk at point of quote

Risk selection and segmentation

Use extensive data sources to highlight potentially hidden risks—before they land in your portfolio.

Inspection optimization

Flag properties with underlying risks that may require additional inspection.

Quoting

Bring data forward at point of quote for more confident decision-making and a better, more seamless customer experience.

How an overhead view helps make decisions with ground-truth data

Specific homeowners data, such as foreclosure status, can affect a property's risk profile. Between two properties that look nearly identical, there's a worrisome indicator: a severely stained and deteriorating roof. Knowledge like this enables a more efficient use of resources, calling for an inspection only when necessary.

Look beyond traditional data sources for accuracy at point of quote

Verisk’s Homeowner Data is developed through a range of diverse data sources and is analyzed and validated to provide easy-to-understand insights for insurers.

Features and capabilities

Property use

Some owners protect their house through an LLC or a trust. Rental listings and vacancies may indicate increased risk, requiring further investigation.

Ownership and deed information

Length of ownership, number of open mortgages, and foreclosure history often correlate with a homeowner’s ability to maintain a property.

Purchase activity

A comparison of the recent purchase price to market value could flag homes in disrepair if sold below market value.