CoreLogic, a global property analytics provider, has integrated HOVER property measurement and 3D technology into the CoreLogic UnderwritingCenter platform for insurance clients. The integration of HOVER provides carriers a way to manage inspection expenditures while allowing policyholders to digitally participate in securing homeowner coverage on their properties through HOVER’s self-service app.
With the HOVER app, users are able to take smartphone images of a property and automatically receive accurate measurements, including the total living area down to the inch, as well as an AI-derived sketch of their home.
According to Kevin Reilley, executive vice president at HOVER, the integration into the underwriting workflow helps determine a precise replacement cost calculation and additional insights to risk factors, while also providing transparency between homeowners and their insurance carriers.
As a workflow option, the integration is designed to eliminate the need to hand-measure the property and provide a more complete property view. It also allows insurers to engage the homeowner as a part of the property insurance process.
HOVER transforms smartphone photos of any property into an interactive 3D model. HOVER’s insurance industry customers use the up-to-date measurements to reduce claim adjusting costs, decrease cycle times, and improve the overall customer experience. HOVER is backed by Google Ventures, Menlo Ventures, Standard Industries and The Home Depot.
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