Authors of the 2019 LexisNexis Home Trends Report examine trends by peril and developments in underwriting, claims, expense management, technology and other factors important to homeowners writers.
Recent years have seen a larger share of catastrophe-related homeowner losses, making preparedness a key tasks for insureds and carriers.
Sensors and the data they provide will allow insurers to expand their coverage of less-occupied structures, and spark ideas for new coverage and loss mitigation opportunities.
New types of data, including aerial photography and activity data, are giving insurers a more complete view of risk.
In order to gain greater access to homeowners' data, insurers must offer insureds benefits such as loss mitigation.
Non-weather-related water damage patterns vary by region, as do claims from theft.