Loss Assessment
Drones, or Small Unmanned Aerial Systems (sUAS), are rapidly being adopted for loss assessment in the insurance industry.
Before issuing a new insurance policy, insurance companies can use drones to inspect properties, verify the risks to be covered by the insurance company and also maintain detailed maps for before/after comparison if a claim ever does arise. Once risks have been identified, the insurance company can then work with their prospect or customer to mitigate risks and help prevent disaster. The high degree of accuracy that sUAS maps provide helps improve the likelihood of identifying the cause of an accident. This helps an insurance company decline a claim if they are not responsible. But what about when their client is responsible? Even in these situations, the speed and efficiency of drone mapping can help to reduce costs and damages for everyone involved.
In many claims, damages related to “business interruption” represent a significant part of the overall damages being sought. Delays in the site inspection or assessment process can even cause conditions on site to get worse, increasing the overall damage. Therefore, the faster that the insurance company can accurately assess a claim, the faster reconstruction can begin, and the more that downtime — and related damages — can be minimized.
The ability to quickly process claims — and even anticipate them — is especially helpful in the case of large scale disasters where many customers are affected and the company is inundated by many claims at once.
Using sUAS to capture a highly detailed rendering of the site saves time on two fronts. On the one hand, a sUAS can dramatically reduce the amount of time that a loss adjuster needs to spend on site and reduce risk of accident at dangerous sites. Secondly, the quality of the information captured, and the ability to easily collaborate on a web-based map can help adjusters and insurance inspectors complete their analysis faster.
Before issuing a new insurance policy, insurance companies can use drones to inspect properties, verify the risks to be covered by the insurance company and also maintain detailed maps for before/after comparison if a claim ever does arise. Once risks have been identified, the insurance company can then work with their prospect or customer to mitigate risks and help prevent disaster. The high degree of accuracy that sUAS maps provide helps improve the likelihood of identifying the cause of an accident. This helps an insurance company decline a claim if they are not responsible. But what about when their client is responsible? Even in these situations, the speed and efficiency of drone mapping can help to reduce costs and damages for everyone involved.
In many claims, damages related to “business interruption” represent a significant part of the overall damages being sought. Delays in the site inspection or assessment process can even cause conditions on site to get worse, increasing the overall damage. Therefore, the faster that the insurance company can accurately assess a claim, the faster reconstruction can begin, and the more that downtime — and related damages — can be minimized.
The ability to quickly process claims — and even anticipate them — is especially helpful in the case of large scale disasters where many customers are affected and the company is inundated by many claims at once.
Using sUAS to capture a highly detailed rendering of the site saves time on two fronts. On the one hand, a sUAS can dramatically reduce the amount of time that a loss adjuster needs to spend on site and reduce risk of accident at dangerous sites. Secondly, the quality of the information captured, and the ability to easily collaborate on a web-based map can help adjusters and insurance inspectors complete their analysis faster.
