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.
Non-weather-related water damage patterns vary by region, as do claims from theft.
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 ways of gathering and processing data is allowing insurers to go beyond one-off decisions.
Some trends are favorable for homeowners insurers, but not all.
Homeowners can be skeptical of insurers' efforts to collect data, but are more receptive when insurers return the fruits of that data as actionable information.