Trōv Inc., which offers applications and services to help people collect and benefit from information about their possessions, has partnered with national and independent insurance brokers, including Hub International, Lockton Companies, Willis, Brown and Brown Private Client Group, Costello and Sons, Fort Point, G.S. Levine, Lane McVicker and TDC, to promote Trōv’s applications, which are intended to improve asset protection.
Trōv users activate a private online digital locker that collects information about property and possessions. Asset information is collected, regularly valued and securely managed. Agents and carriers benefit from greater visibility into what policyholders own and acquire; they are also informed about the changing values of the items they insure, enabling them to manage their clients’ risks more effectively.
“Insurers have long-relied on limited information about their clients’ possessions, which has led to inaccuracies and undue exposure,” said Scott Walchek, CEO of Trōv. “Since Trōv collects more information, regularly revalues insured possessions, and also enables information to be collected at point-of-sale, policyholders and brokers are connected and informed like never before.”
Trōv has trained many appraisers to use its Trōv Collect application to perform in-home data-collection of client possessions, the company said, and with an activated Trōv, clients and their advisors benefit from the knowledge of what the client owns, where it’s located and what it’s worth.
“Trōv provides us with an accurate assessment of what our clients really own today, and an immediate view of what they’re acquiring in the future,” said Jim Kane, president, Hub International Personal Insurance. “With access to up-to-date, qualified appraised values in Trōv, we can tailor policies and serve our clients in ways never before possible.”
”At the core of our industry is the need to accurately maintain insurance-to-value, but changes to value have been opaque until now,” said Jim Schwarzkopf, principal of TDC Risk Management. “Trōv gives our clients a new way to actively manage the information about their possessions, so we can better protect them if they experience property loss or damage.”
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