Month: September 2020

Advancing Technologies Saving Time and Money on Property Inspections

Advancing Technologies Saving Time and Money on Property Inspections Advancing Technologies Saving Time and Money on Property Inspections

In an effort to continually help our property insurance partners make the most reliable, informed decisions regarding the underwriting process, Insurance Risk Services regularly reviews, tests and implements the latest available property inspection technology to remain on the leading edge of the technology curve. This inspection technology includes a number of digital devices unheard of […]

Quality Commercial Inspections Highlight Property Condition and Detail Insurance Risk

Quality Commercial Inspections Highlight Property Condition and Detail Insurance Risk Quality Commercial Inspections Highlight Property Condition and Detail Insurance Risk

A professional commercial inspection of a property for insurance company purposes includes three distinct steps: A walk-through survey of the entire property, both interior and exterior, to visually examine the property’s general condition Procurement and review of appropriate supporting documents Submission of a final inspection report A commercial inspector in the employ of a property […]

Insurance Inspection – A Cornerstone to Homeowner’s Policy Underwriting

Insurance Inspection – A Cornerstone to Homeowner’s Policy Underwriting Insurance Inspection - A Cornerstone to Homeowner's Policy Underwriting

Ordering a residential inspection is an important step for insurance underwriters to take when underwriting a new homeowner’s policy. It may also be called for under certain conditions for a policy renewal, especially if significant alterations have occurred to the property since its last residential inspection. As insurance is a risk sharing agreement between the […]

Insurance Risk Determines Policy Price

Insurance Risk Determines Policy Price Insurance Risk Determines Policy Price

Risk, simply speaking, is the danger that an unexpected event will occur and will cause a loss. Whatever you do in life carries with it a certain amount of risk, whether it’s crossing the street in traffic or buying a stock that could potentially lose value. Risk is the chance that an oncoming event may […]