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We have amazing data scientists who are building out new models — from reducing premiums on wildfire insurance in California to using image analytics so that an appraiser can capture the appraisal in real time and use it for quality assurance. The insurance commissioner there declared 13 resiliency prerequisites.
You use the right comps to appraise it. These losses – both insured and uninsured – have traditionally been borne by homeowners, renters, landlords, builders, and property & casualty insurance companies. For decades, the housing industry has viewed climate risk as a fairly straightforward issue. You build the home to code.
As a full-service commercial real estate and appraisal firm with 85 years of experience, we’re here to help you achieve your goals. Being in a flood-prone area can seriously affect your insurance premiums and property value; it could also cause a great deal of aggravation and stress if you experience the wrath of Mother Nature.
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