Insuring a commercial property requires significant activities in order to arrive at an accurate underwriting decision. An important part of this process is a quality commercial inspection by a firm such as Insurance Risk Services, with more than 35 years of excellence in residential and commercial inspection history. A comprehensive building inspection should provide the […]
Month: June 2020
Reasons for Residential Inspections
As an insurance underwriter, you may require that a residential inspection be made as part of the process of issuing a homeowner’s insurance policy. There are several types of home inspections, ranging from a basic exterior-only photo report to an in-depth interior/exterior inspection that looks at everything from the foundation to the roof, inside and […]
Understanding the Importance of Risk in Underwriting
Understanding insurance means understanding risk. As an insurer, your job is to accurately determine the level of insurance risk represented by each of your potential policyholders. The risk is the chance that something unexpected and harmful may occur to cause a financial loss covered by the policy. In property insurance, this may be the loss […]
Improving Property Inspection Technology is Helping to Reduce Risk Exposure
Building inspections performed as part of an insurance company’s underwriting process are beneficial to both the insurer and the insured for several reasons. There are numerous levels and types of insurance inspections, from conducting basic level exterior photo reports to the highest value exterior/interior inspections. The most comprehensive inspections include interior and exterior photos and […]
