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Leading Developments in Property Inspection Technology

Leading Developments in Property Inspection Technology Leading Developments in Property Inspection Technology

Technology has become an important part of almost all business, with many technological developments made in the past few decades having become so commonplace it’s almost as if they’ve always been there. Consider the following: Smartphones Computer tablets Wireless internet with near-instant connection from anywhere to anywhere Cloud data storage Property Inspection Technology In addition […]

The Makeup of a Commercial Inspection

The Makeup of a Commercial Inspection The Makeup of a Commercial Inspection

There’s a large, untapped commercial inspection market out there just waiting for qualified inspectors to fill the void. As an insurance underwriter, a part of your underwriting process when writing coverage for a commercial property is likely having a commercial inspection done to determine the state of the property and to uncover any inherent risks […]

Property Inspections for Insurance Underwriting

Property Inspections for Insurance Underwriting Property Inspections for Insurance Underwriting

The term “property inspection,” when used generically, can mean the scrutiny of any item for one or more purposes. Usually, a property inspection is made before buying something, such as: When buying an expensive piece of jewelry, having it inspected by a jewelry expert can help you determine if the gem(s) are genuine and if […]

Risk VS. Reward

Risk VS. Reward Risk VS. Reward

In the financial world, an important concept to consider when doing business is “risk vs. reward.” It’s an important concept to understand whenever an investment is being made. Financial institutions take risks whenever they lend money to an individual or a business. The risk is that the loan will be repaid as agreed. If so, […]

“Good and Customary Practices” for a Commercial Inspection

“Good and Customary Practices” for a Commercial Inspection “Good and Customary Practices” for a Commercial Inspection

In 1999, ASTM Standard E2018-99 was published by the American Society for Testing and Materials, outlining what’s considered “good and customary practice” for commercial property inspections. The Standard was written to demonstrate what’s considered proper in conducting what’s called a baseline Property Condition Assessment, or PCA. As a commercial property inspector, you’re no doubt familiar […]

How Insurance Risk Factors Into Insurance Underwriting

How Insurance Risk Factors Into Insurance Underwriting How Insurance Risk Factors Into Insurance Underwriting

As an insurance underwriter, your number one concern when writing a policy is the level of insurance risk you perceive being represented by the proposed insured. Different Policy Coverages for Different Risks If you’re an underwriter handling primarily life insurance policies, the main risk you’re faced with is how likely the insured is to die […]

Why Require an Insurance Inspection?

Why Require an Insurance Inspection? Why Require an Insurance Inspection?

As an insurance underwriter, an important factor in your decision-making regarding whether or not to offer a particular policy, and at what price, may hinge on the results of an insurance inspection. Whenever an item or individual is being considered for insurance coverage, a first-hand inspection can be a necessary part of the process. An insurance policy […]

The All-Important Residential Insurance Inspection

The All-Important Residential Insurance Inspection The All-Important Residential Insurance Inspection

An insurance inspection of a residential property is something that, although not required of all properties prior to issuance of a homeowners’ insurance policy, is required of many. Some of the reasons for you, as an insurance company underwriter, to order a home insurance inspection include: The property being considered is an older home The insurance […]

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