Verisk combines permit insights, aerial imagery, assessor records, and an array of other data elements to assess the age of a structure’s roof.

Inaccurate roof data can directly impact your bottom line

Property insurers experience $1.31 billion in annual premium leakage due to underestimated roof age. More than a quarter of roofs are misclassified as younger than 15 years old. The reality? Some 75 million U.S. properties have roofs near the end of their useful life.

Roof data is critically important to evaluating a structure’s risk

Near-real-time permit data can help close the information gap and empower you to improve profitability and make confident decisions regarding risk—at scale.

Underwriting

Accelerate quote to bind with roof age prefill and ensure properties meet eligibility requirements.

Pricing

Fine-tune rating algorithms to segment and price risks effectively.

Marketing

Target ideal risk profiles for business expansion.

The quality of your roof risk assessment may affect your profitability

The age of a roof closely correlates with the frequency and severity of losses from wind and hailstorms, which are the highest costs for property insurers. Traditional data sources often underestimate roof ages, leading to unreliable estimates. Avoid coverage and premium decisions based on unreliable estimates that can hurt profitability and lead to adverse selection.

Features and capabilities

Coverage

Reliable roof age is returned 100% of the time.

Currency

Data is collected daily and updated monthly to reflect the latest risk landscape.

Accuracy

Roof Age returns an actionable numeric confidence score to support straight-through processing.