ZestyAI and Donegal Insurance Group have partnered in an effort to enhance property risk assessment within personal insurance policies in Donegal through ZestyAI’s new Roof Age solution.
According to Coverager, the partnership aims to improve Donegal’s ability to more accurately assess and price real estate risks, and specifically aims to improve Donegal’s ability to more accurately assess and price real estate risks, specifically for roof insurance included in homeowners insurance renewals. This is to fill in the missing data regarding the age of the building.
With ZestyAI’s roof age solution, Donegal now has detailed information on roof age, a key factor in determining real estate risk.
The company’s Roof Age solution leverages a combination of historical building permit data and over 20 years of aerial photography.
Through this approach, ZestyAI is able to determine the exact age of roofs across the continental United States with over 90% accuracy and near complete coverage. This highly accurate data helps insurers like Donegal reduce uncertainty in underwriting and rating decisions, allowing them to set premiums more effectively.
Donegal Insurance Group has a strong presence in the Mid-Atlantic and Southeastern United States and focuses on personal and commercial insurance solutions for individuals and businesses. The addition of ZestyAI’s technology will provide Donegal with a more solid foundation for real estate valuations and enable it to better deliver on its existing personal lines work.
California-based ZestyAI specializes in AI-powered real estate analytics, providing climate and real estate risk insights to insurance companies, real estate companies, and financial services organizations. A recent addition to the company’s product suite, the Roof Age solution addresses high-cost roof claims by providing verified roof age information to help insurers make informed underwriting choices. Masu.
Hank Narváez, Donegal’s Vice President of Personal Line Product Development, explained the value of ZestyAI’s solution to Donegal: ZestyAI’s Roof Age solution was an obvious choice for us as it has the length to ensure coverage of historic imagery. Leverage both building permit data and aerial imagery to gain more confidence in underwriting and rating decisions. ”
Attila Toth, founder and CEO of ZestyAI, emphasized the need for such precision in the industry, saying: Roof claims are a major driver of insurance losses, yet many carriers still rely on unverified roof age information. We are pleased to partner with Donegal to enhance your risk assessment with the most accurate roof lifespan solution on the market. ”
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