Verisk Insurance Solutions, a unit of Verisk Analytics, has incorporated a new desktop inspection feature into 360Value. Based on high-quality aerial imagery, 360Virtual Inspection enables insurers to confirm property location and examine exterior building characteristics during the underwriting process.
Verisk says 360Virtual Inspection provides up to seven different views of the property to determine characteristics including building style, roof shape and materials, and exterior wall type. It also includes proprietary measuring tools to determine additional property characteristics such as square footage. The application can be used for both residential and commercial properties and, in some cases, may provide a low-cost alternative to an on-site property inspection.
In addition to verifying property characteristics, 360Virtual Inspection can be used to identify liability hazards such as pools, trampolines and dog kennels, as well as catastrophe hazards such as setback from brush line in wildfire zones and proximity to a body of water for flood or hurricane risk, Verisk adds.
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