Quoting environmental insurance for a large real estate portfolio requires obtaining, organizing, and reconciling a significant number of documents before even starting the engineering and underwriting process. Whether this is done internally or through a vendor, it is a time-consuming and necessary task to determine the basics of the account and quality of the submission before deciding if it falls within your risk appetite and is worthy of expending real money on engineering.
Without it, underwriters have three options:
- Walk away from the deal
- Provide an indicative bid, or
- Take the risk by quoting without quality data
Not great options to remain competitive.
Bell Oldow created Environmental Jumpstart to automate this process and put better information at your fingertips, faster. Learn more.