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Follow on Google News | RiskMeter.com to Unveil BuildFax's Roof Age Reports via Webcast Thursday, August 16thRiskMeter.com to unveil BuildFax’s roof age reports and demonstrate how P&C underwriters and agents can optimize discounts & credits and reduce claims
By: RiskMeter Online Roof age is a significant underwriting factor for many carriers, yet it’s time consuming and expensive to verify. This partnership is expected to streamline the underwriting process for RiskMeter users by quickly spotting red flags when it comes to roof information provided directly by an agent or applicant. BuildFax has found that upwards of 45% of the roof ages currently on file for carries are typically miscalculated by 1 or more years. “Our number one priority is to put the latest data, reports and tools at our users fingertips,” “Recently, carriers have been telling me that they are losing 15 cents, 20 cents and more on every premium dollar to roof related claims,” says Holly Tachovsky, President of BuildFax. “In response, RiskMeter and BuildFax are teaming up to help carriers get smarter about the roof risk in their book of business and the new roofs they are underwriting. For example, the combination of BuildFax’s roof related construction dates and details and RiskMeter’s natural hazard risk reports will enable carriers to (1) more efficiently review their existing book of business by easily identifying properties with older roofs, and (2) quickly determine underwriting eligibility with factors like roof year and wind mitigation.” Registration Information: Contact Information: About BuildFax® BuildFax is the creator of the first and only automated source for national, historical building permit data, providing details on property condition and improvements – such as major remodels, additions, and new roofs. Armed with BuildFax property intelligence, carriers can reduce costs and improve profitability through property change detection, more accurate roof age, re-inspection optimization, and more. The BuildFax national footprint continues to grow, currently covering over 72 million residential and commercial properties in the United States, with over 6 billion data points. For more information, visit http://www.BuildFax.com About RiskMeter.com RiskMeter Online is used by underwriters and agents to automate property lookups. This Web-based solution utilizes Internet mapping technology that enables underwriters and agents to determine the proximity to natural hazards for any property in the Unites States. It’s far more accurate and faster than any other method for determining property risk, and can save underwriters considerable time and money. The RiskMeter Online provides over 30 real-time reports, including Distance to Coast, FEMA Flood Zones, Rating Territories, Windpool Eligibility, EQECAT Data & Analytics, Individual AAL & PML Reports, Earthquake Information, Crime Scores, Distance to Sinkhole, Building Characteristics, Aerial Photos and much more. For more information, visit http://www.RiskMeter.com or call 1.800.746.7797 and ask for a FREE trial! End
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