Design Highlights
- Nationwide has partnered with Chrp to launch a virtual home inspection program for homeowners using AI technology.
- The program allows policyholders to perform a guided photo survey of their homes via smartphones.
- Chrp’s AI analyzes images for over 400 potential failure points, identifying hazards like faulty wiring and corrosion.
- Homeowners receive tailored reports with recommended fixes, helping to prevent small issues from escalating into costly disasters.
- This innovative approach enhances risk assessment, improves claims efficiency, and positions Nationwide as a leader in the insurance industry.
In a bold move that’s sure to shake things up, Nationwide is teaming up with Chrp, a savvy AI-driven home risk platform, to roll out a virtual home inspection program. Yes, you heard that right. No more waiting around for some guy in a hard hat to poke around your house. This fresh approach means Nationwide policyholders can now snap some photos of their homes and call it a day. What a time to be alive, right?
This innovative program is available in every state where Nationwide writes homeowners policies. Lucky for them, policyholders chosen for renewal inspections will have the option to use this virtual service. It’s like a home inspection but without the awkward small talk. Instead, homeowners complete a guided photo survey using their smartphones, letting Chrp’s AI do all the heavy lifting. The system analyzes those images against over 400 known failure points. It’s impressive, really. The AI flags issues like corrosion, faulty wiring, and even fire hazards. Talk about having a digital watchdog!
Homeowners aren’t just getting a pat on the back. They receive a tailored report that outlines recommended fixes and next steps. And guess what? It won’t cost them a dime. This platform helps homeowners understand and tackle potential hazards before they spiral into costly disasters. So, not only can they do it all from their couch, but they can also feel like proactive superheroes in the process. In fact, 70% of non-catastrophic homeowners claims originate inside the home, making this program even more essential. Routine wear and tear can lead to escalating risks, which highlights the importance of proactive inspections.
Homeowners get personalized reports and proactive solutions—all from the comfort of their couch, and it’s completely free!
The technology behind this virtual inspection is no joke. Chrp’s AI blends construction know-how with insurance expertise, analyzing both the insides and outsides of homes. The system identifies risks that traditional inspections might overlook. Seriously, who knew AI could be so useful? It flags potential hazards before they become a financial nightmare. And if something does pop up, those issues get referred to Nationwide’s inspection team for a once-over. With AI photo estimates providing damage assessments within 24 hours for 78% of claims, this technology represents a significant leap forward in efficiency.
But wait, there’s more! This program doesn’t just benefit homeowners; it also improves the insurer’s quality of business. The detailed risk assessment reports help underwriters work smarter, not harder. They can even secure better reinsurance terms. Nationwide is clearly aiming for the stars, and this program could elevate their underwriting game.
The virtual inspection offering is nationwide. It’s easy to adopt. It’s quick, typically taking 30 to 45 minutes to complete. So, for homeowners, this could be the best thing since sliced bread—or at least since the last time they cleaned out their gutters.
