Did you know insured losses from storms hit $66B in 2023, and the #propertyclaims ecosystem is feeling the strain. itel's President, Chris Touchton, shares how #data-driven innovation and #partnerships can empower the industry to make fair repair vs. replace decisions, keeping coverage affordable. Read all about it in our newest article: https://lnkd.in/gyTjTDph #Roofing #Claims #Fair #PropertyInsurance
itel’s Post
More Relevant Posts
-
If you have PROPERTY DAMAGE, waiting is the LAST thing you should do. In times like these, it’s more important than ever to make smart financial decisions. Ignoring water, mold, or roof damage will only make things worse—and far more expensive—down the road. Don’t wait for the ticking time bomb to hit zero. Prevent it now, with our help. Remember, tough times call for SMART decisions! COMMENT “PROPERTY DAMAGE” and we’ll reach out to you for a free inspection. #welldonemitigation #propertydamage #waterdamage #roofdamage #molddamage #smartinvestments #savemoneylivebetter #actnow
To view or add a comment, sign in
-
If you have PROPERTY DAMAGE, waiting is the LAST thing you should do. In times like these, it’s more important than ever to make smart financial decisions. Ignoring water, mold, or roof damage will only make things worse—and far more expensive—down the road. Don’t wait for the ticking time bomb to hit zero. Prevent it now, with our help. Remember, tough times call for SMART decisions! COMMENT “PROPERTY DAMAGE” and we’ll reach out to you for a free inspection. #welldonemitigation #propertydamage #waterdamage #roofdamage #molddamage #smartinvestments #savemoneylivebetter #actnow
To view or add a comment, sign in
-
Verisk estimates industry insured losses for Palisades and Eaton Fires between $28B–$35B Included in this estimate are losses to residential, commercial, and industrial properties and automobiles for their building, contents, and time element coverages. Demand surge analysis was completed using historical construction cost data for the Los Angeles area (Los Angeles County and Santa Barbara County) using Verisk’s 360Value® Quarterly Residential Replacement Cost Index (seasonally adjusted). Verisk remains focused on resilience and mitigation, as it leads the way with the first U.S. Wildfire Model submitted for review and granted by the California Department of Insurance. Learn more: https://vrsk.co/4aucZTw #WildfireRisk #InsuranceIndustry #ExtremeEvents
To view or add a comment, sign in
-
-
Verisk estimates industry insured losses for Palisades and Eaton Fires between $28B–$35B Included in this estimate are losses to residential, commercial, and industrial properties and automobiles for their building, contents, and time element coverages. Demand surge analysis was completed using historical construction cost data for the Los Angeles area (Los Angeles County and Santa Barbara County) using Verisk’s 360Value® Quarterly Residential Replacement Cost Index (seasonally adjusted). Verisk remains focused on resilience and mitigation, as it leads the way with the first U.S. Wildfire Model submitted for review and granted by the California Department of Insurance. Learn more: https://vrsk.co/4aucZTw #WildfireRisk #InsuranceIndustry #ExtremeEvents
To view or add a comment, sign in
-
-
Verisk estimates industry insured losses for Palisades and Eaton Fires between $28B–$35B Included in this estimate are losses to residential, commercial, and industrial properties and automobiles for their building, contents, and time element coverages. Demand surge analysis was completed using historical construction cost data for the Los Angeles area (Los Angeles County and Santa Barbara County) using Verisk’s 360Value® Quarterly Residential Replacement Cost Index (seasonally adjusted). Verisk remains focused on resilience and mitigation, as it leads the way with the first U.S. Wildfire Model submitted for review and granted by the California Department of Insurance. Learn more: https://vrsk.co/4aucZTw #WildfireRisk #InsuranceIndustry #ExtremeEvents
To view or add a comment, sign in
-
-
Is It Time to Re-Roof? It Might Pay Off! 🛠️ Replacing your roof can seem like a significant investment, but it often pays off in the long run! Homes with new roofs tend to sell faster and for a higher price, as buyers appreciate not having to worry about major repairs. A failing roof can lead to leaks, causing hidden damage that may result in costly repairs and insurance claims. Don’t wait until it’s too late! Let us help you enhance your home’s value with a new Penfolds roof! #HomeRenovation #RoofReplacement #PenfoldsRoofing #IncreaseHomeValue
To view or add a comment, sign in
-
-
Designing buildings with high fire resistance is essential for protecting lives and preventing catastrophic damage to homes and businesses. Using fire-resistant materials like precast concrete helps protect structures from fire damage, while potentially lowering insurance premiums. Learn more about fire ratings: https://hubs.li/Q02ZHZtq0
To view or add a comment, sign in
-
-
This week on the #Roofing Report, Dmitry Lipinskiy's daughter makes a cameo! Plus... #HurricaneMilton: Experts are predicting billions in losses—what does it mean for the insurance market? #Fraud Investigation Update: Court records add some interesting context to a recent report by 60 Minutes. Dropping Like Flies: Yet another homeowner was dropped by their #insurance despite having a brand new roof. #Solar Innovation: The tiles that could change how homes are heated. Cease-and-Desist: Why a Louisiana roofer and roofing company are in hot water.
To view or add a comment, sign in
-
Is your property truly insured for the real cost of rebuilding today? The devastating fires in Los Angeles are just one example of a global issue affecting property owners everywhere. Many policies rely on outdated rebuild costs, leaving property owners underinsured when disaster strikes. At Construction Cost Consultants, we know this issue is worldwide. Demand surges after disasters drive construction costs through the roof, and policies based on outdated figures simply can’t keep up. The result? Property owners face devastating financial losses when they’re unable to fully rebuild. This problem isn’t new, but it’s urgent—and solvable. Ask your insurer or insurance broker how accurate valuations can protect your financial future. Does your policy reflect today’s real-world rebuild costs? #InsuranceValuation #Underinsurance #Accuracymatters
To view or add a comment, sign in
-
-
🏢Letting Agents and Property Managers Imagine the relief of effortlessly managing property damage repairs, boosting your agency’s revenue, and standing out in a competitive market with Agent Protect, all while easing the daily pressures of property management............ Visit our website for more information: https://lnkd.in/eB-fmBK8 #PropertyManagement #LettingAgents #RepairSolutions #RevenueBoost #StandOut
To view or add a comment, sign in