Non-weather water damage accounts for approximately 20% of all property insurance losses – both in homeowner’s and commercial lines.
From appliance, heating, and air conditioning system failures to fixture leaks and restroom overflow, non-weather water damage is clearly a large problem. Yet it continues to persist. Why? Unlike losses due to Mother Nature, non-weather water damage has a diversity of causes—and the data on these causes, while predictive, are difficult to collect.
Predicting non-weather water claims has been difficult. Until now.
WaterRisk looks at the disparate causes of non-weather water damage and their complex interactions to predict the probability of a claim and losses —for any address nationwide. Discover how WaterRisk can dramatically improve your underwriting results today.