Benefit Your Bottom Line
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, combined storm and sewer lines, cracks and breaks in sewer line, reduced sewer capacity from debris, root intrusion and FOGG (fats, oil, grease and grit).
According to the Insurance Information Institute, over 500,000 claims occur in the U.S. annually, with average claims rising 3 percent every year. Sewer endorsements are relatively inexpensive to purchase, and the marketplace needs a better tool for assessing sewer backup risk.
Keep Your Head Above Water
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.
Write the Right Risk
Insurers want to provide the best coverage for their clients while only writing properties that are good risk for their books of business. Many also don’t realize that they are covering losses that could be more clearly understood with the right risk models. The Sewer Backup Risk Score allows you to:
Utilize combined data like Sewer Areas, Flash Flood Risk Score, Flood Risk Score, elevation, rainfall intensity and frequency, ground depressions, and estimated sewer age
Identify a location’s risk by incorporating CoreLogic property data to evaluate sewer age and street network data along with slope
Get a 1-100 score and risk rating from Very Low to Extreme
Make informed decisions when writing endorsements and coverage limits
Identify potential sewer backup and basement flooding risks
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
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Roof Condition Solutions
CoreLogic offers tools to help you assess the roof conditions of prospective clients from your desktop.learn more