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 […]
A commercial inspection, also called a commercial building inspection or known as a property condition assessment, may be done for lenders, real estate investors, or insurance company underwriters. This inspection is needed in order to understand the condition of a particular property. This should include a property condition report detailing each building system and describing […]
If you’re looking for a true indication of what’s happening with today’s housing market, wondering whether the home sales business is heating up or slowing down, some of the best people to ask are your working home inspectors. These are people who have the inside track on what’s going on in the industry day in […]
As an insurance company policy underwriter, you have a number of important jobs that will help to determine the profitability of your company. Job number one is to determine the level of insurance risk represented by a proposed policy being considered. All insurance contracts, which are risk-sharing agreements between an insurer and an insured, are […]
“Inspection” can be defined as the testing, measuring, and gauging of the characteristics of an activity or an object. In the property inspection industry, this testing and gauging applies to the condition of a property and the level of risk it represents to whoever is considering buying or insuring it. You, as an insurance underwriter, […]
Property inspection technology continues to improve every year, which makes your job as an insurance company underwriter easier, more accurate, and efficient. What used to be a long, drawn-out affair with pen and paper in hand has become quicker, more accurate, and comprehensive thanks to the ongoing technological developments in the property inspection business. This allows […]
Property inspections can be roughly broken down into two types: the residential inspection and the commercial inspection. While both of these inspection types share similarities of purpose, they’re also distinctly different in a number of ways. Both are meant to provide documentation outlining the current condition of the property being inspected and to identify any […]
A commercial inspection is typically an integral part of the process of buying a commercial building and might be ordered if you’re an insurance underwriter, an investor, a portfolio lender, or a commercial mortgage-backed security lender. These commercial inspections may be referred to as facility condition assessments. The purchase of a building can represent a […]
Home insurance inspections have long been an important part of the home insurance policy underwriting process providing you, the insurance underwriter, with critical information used in your important underwriting decisions. A home insurance inspection generally has two main purposes: To determine the replacement cost of a property should it become destroyed by a peril covered within the […]
Insurance companies are under continual pressure to attract, service, and retain quality customers in an extremely competitive market. As an insurance company underwriter, your aim is to write policies that will properly protect your policyholders while, at the same time, provide profits for your company. A long-time staple of the P&C insurance company underwriting process […]
We’re delighted to announce that Insurance Risk Services will rebrand to Davies in the near future.
