The Risky Business of Non-weather Water
Pipes burst. Valves fail. Appliances malfunction. Non-weather water claims are among the most common type of property insurance claims, both in personal and commercial lines. One in 15 insured homes in the U.S. will experience a non-weather water claim during the standard five-year policy life expectancy. These claims make up about 20% of all property insurance losses in the U.S. – just over $8 billion annually in personal lines alone.
Don’t Get Soaked
CoreLogic® WaterRisk™ predicts the probability of a non-weather water claim and losses for any address in the U.S. A true industry first, insurers will benefit from the additional granularity provided by advanced machine learning and analytics, which uncover the disparate causes of non-catastrophic water damage and their complex interactions. This is key to predicting property-specific water loss claims not caused by Mother Nature.
Features and Benefits
Evaluate non-weather water risk for a specific property or aggregate risk at a portfolio level
High-resolution, block-level granularity: 300x the detail of average ZIP Code
Over 11 million geospatial points of risk
Seamless U.S. coverage
Easy-to-use numeric scoring
Structural Risk and Valuations
Rather than rely on a standard industry percentage, get detailed intelligence on the structural risk and value of properties in your portfolio to ensure that your clients are not over or under-insured.learn more
Natural Hazard and Catastrophe
Assess your market position by accessing reports and data that give you a complete view of the risk to your portfolio.learn more
Roof Condition Solutions
CoreLogic offers tools to help you assess the roof conditions of prospective clients from your desktop.learn more