Source7

📣 Exciting update! We've revamped Source7.com to make it easier to discover how your business can grow its “Asset IQ” from the appliances & mechanical systems in your homes to improve operations and lower risk. 🚨 Head over and check it out! We'd love to hear your thoughts in the comments. #newwebsite #propertymanagement #maintenance #Source7

🔧 Did you know? Over 40% of homeowners experienced an appliance problem last year! 🔧 When issues arise, making the right choice between repair or replacement can be tough. With Source7's extensive database, you can make data-backed decisions with confidence. Let us help you mitigate risks and keep your home running smoothly! #HomeMaintenance #proptech #appliancedata #Source7

🎃 This Halloween, let our data be your spooky 👻 sidekick. Uncover the chilling truths about your appliance risks.

Addressing resident satisfaction 🔑 is key to retention. Yet, maintenance issues 🛠️ remain a top reason for resident moves. Urgent repairs 🚨 can cost up to 50% more and take up most of your staff's time and budget. ⏰💰 Lower your repair costs and increase resident satisfaction by leveraging Source7 technology on your home appliance and mechanical systems. Proactively make data-driven decisions that get you ahead of issues.

#OpTech has been a whirlwind of innovation! From engaging demos to insightful discussions, we’re excited about the future of the industry. And with our partnership with HappyCo, this is just the beginning. Connect with us to learn more!

Heading to #OpTech next week? Connect with Source7's Sean H. and Matt Kenney to discover how Source7 provides critical insights that help reduce costs on appliances and mechanical systems across your entire portfolio.

Over 9,000 attendees gathered at #InsureTechConnect Vegas, the world's largest event for insurance innovation! We had an amazing time connecting and showcasing the latest advancements in property claims processes, thanks to our partnership with Plnar. If we didn’t get a chance to connect during the event, feel free to reach out—we’d love to continue the conversation!

📊 Streamlining Property Subrogation: Smarter Tools, Platforms & Integration Enable Insurance Claim Efficiency ✅   For decades, property subrogation has been inefficient and often overlooked by insurance companies. This is despite its potential to optimize indemnity and improve customer experience. Imagine returning a deductible to a homeowner who never anticipated a claim in the first place – that's the kind of exceptional customer service that can't be measured in dollars.  What if there was a way to streamline the subrogation process? What if, with just a photo, you could instantly evaluate the likelihood of success during the initial investigation of a loss? Source7's data-driven insights, combined with Plnar's leading claims investigation technology, offer a powerful solution. By analyzing appliance performance, failure rates, manufacturer defects, and trends in class action lawsuits, insurers can identify potential subrogation opportunities and make more informed decisions.  Lyle Donan, co-founder and Chairman of Source7 and a board member of Plnar, explains, “Plnar is the most widely adopted mobile technology for documenting property damage. With Source7’s partnership, we've reimagined the subrogation process for non-weather interior water claims, making it easier and more efficient for both insurers and policyholders. Plnar’s users can simply identify the cause of loss, take a picture of the product label, and instantly receive subrogation insights. No more guesswork or unsupported decisions."  Source7's database draws from millions of households across the US, offering comprehensive macro data on major appliances and mechanical equipment including HVAC systems and water heaters. In subrogation, it's not just about identifying a single claim; it's about understanding the bigger picture. Our data reveals information about product production, current usage, performance trends, and the connections between similar claims. This knowledge empowers you to make more informed decisions and optimize your efforts. In the future, subrogation experts will be able to leverage this intelligence across all claims from similar causes, drawing on industry-wide data for improved outcomes. Donan adds, "We wanted to imagine what's possible if we rethink property subrogation given the cost and time involved. If an insurer chooses to proceed, they need to be equipped not only for the current claim but also for any related claims across the industry." Plnar's technology is already integrated into claims investigations, making it the ideal platform for triggering subrogation workflows and collecting evidence.” It’s time to embrace innovation and drive efficiency in insurance claims. The future of subrogation is here, and it’s powered by smarter, data-driven solutions with transformative results for all stakeholders.

At ITC Vegas? We're excited to be here! Chat with Matt Kenney from Source7. Visit our partner Plnar at Booth 3138 to learn how our partnership can transform your property insurance business with AI innovation. Key Benefits for Insurers: 💡 Reduced Claim Costs: Minimize overpayments and streamline operations. 💡 Enhanced Profitability: Improve underwriting accuracy and reduce loss ratios. 💡 Improved Customer Experience: Deliver exceptional service and build loyalty. 💡 Increased Competitive Advantage: Stay ahead of the curve with innovative technology.

Source7 is revolutionizing home appliance management with our comprehensive data insights. Our founder, Lyle Donan, shares our mission to empower consumers and industries with actionable data that drives informed decisions. Read more below. https://lnkd.in/dvEFngph