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 may use drones to inspect properties, verify the risks to be covered by the insurance company and also maintain detailed visual representations for before/after comparison if a claim ever does arise. Once risks have been identified by the licensed insurance company, they can then work with their prospect or customer to mitigate risks and help prevent disaster. sUAS data is another tool that 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 data 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 assess a claim, the faster reconstruction may begin, and more 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 visual representation 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 imagery captured, and the ability to easily collaborate on a web-based platform can help all associated complete their analysis faster.
Before issuing a new insurance policy, insurance companies may use drones to inspect properties, verify the risks to be covered by the insurance company and also maintain detailed visual representations for before/after comparison if a claim ever does arise. Once risks have been identified by the licensed insurance company, they can then work with their prospect or customer to mitigate risks and help prevent disaster. sUAS data is another tool that 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 data 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 assess a claim, the faster reconstruction may begin, and more 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 visual representation 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 imagery captured, and the ability to easily collaborate on a web-based platform can help all associated complete their analysis faster.
