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< Natural Hazard and Catastrophe Risk Solutions
Backed up sewers and flooded basements can wreak havoc on a home, causing thousands of dollars in damage to floors, walls, furniture and electrical systems. Sewer lines in particular can back up during heavy rainfall as a result of an aging sewer system, through combined storm and sewer lines, blockages in the sewer line from root intrusion, from FOGG (fats, oil, grease and grit), or debris. It is estimated that over 500,000 claims occur in the U.S. annually, with average claims rising 3 percent every year1. Sewer endorsements are relatively inexpensive to purchase, and the marketplace needs a better tool for assessing sewer backup risk.
1. Insurance Information Institute, Sewer Backup, 2014.
Sewer Backup and Basement Flood Risk Scores from CoreLogic build upon our existing robust offerings including Flash Flood Risk Score, Flood Risk Score, Combined Sewer Area and proprietary geospatial datasets to identify potential risk for sewer backup and basement flooding. Both scores deliver increased insight to potential risk that can be incorporated into the underwriting process when writing endorsements.
CoreLogic leverages its geospatial datasets such as sewer pipe age, ground depression areas, flood risk score, flash flood risk score, combined sewer, enhanced rainfall, soil infiltration, forest coverage, and land use to determine both the Sewer Backup Risk Score and a Basement Flood Risk Score.
Insurers want to provide the best coverage for their clients, while only writing properties that are good risks for their books of business. Many also don’t realize that they are covering losses that could be more clearly understood with the right natural hazard risk models. Whether using an aggregated or by-peril rating approach, CoreLogic can help you understand storm, fire, land-based and other risks at the most granular level possible.
Better Residential and Commercial Values and Risk Assessment
Hazard Risk Management from Point to Portfolio™
Roof Intelligence That Won’t Leave You Guessing
Faster Decisions with Better, More Accurate Weather Data