Gathering COPE, CAT and ISO Construction Types for Risk Events2021-06-08T16:08:48-04:00

Risk Events: Gathering COPE, CAT and ISO Construction Details to Mitigate Risk

risk event cope and catastrophe dataWhether it's fire, earthquake, convective storms, hurricanes, or flooding, these natural disasters can mean major damage and result in insufficient replacement or reproduction costs, if you're not properly covered. For property risk managers, avoiding this can mean thinking strategically and gathering a wide array of details to share with your insurer so you get the level of coverage you need tailored to the properties you own.

To help you uncover the important data that insurers commonly need -- and get the right coverage and rates for you-- we've pulled together this collection of articles on the primary and secondary COPE details you'll want to have on hand in the case of a risk event. Check them out below!

Closing the Protection Gap: Natural Disasters Test Property Insurance

In this article you'll discover tips for finding and fixing the holes in your insurance coverage, before an unfortunate natural disaster helps you do so.

How Convective Storm Modeling Can Help You Right-Size Risk Coverage

Hail that’s an inch or larger, straight line winds over 57 miles per hour, tornadoes... Don’t worry: this isn’t today’s weather forecast. It’s the destructive side-perils associated with a severe convective storm— better known as thunderstorms.

Severe convective storms can cause serious property damage in the blink of an eye. And that can mean billions in losses to the insurance industry.

An increase in convective storms is making insurers (and their insureds!) take a more thorough look at how to better secure the critical property around them. Fortunately, through convective storm modeling, underwriters and risk management professionals can better plan for nature’s moodier moments — avoiding “worst-case scenario” rates and mitigating risk.

In this post, you’ll find out how adding convective storm modeling to your risk assessment tools can help ensure more accurate property insurance coverage at the best rate.

Mitigate Risk Before Catastrophe Strikes with Catastrophe Data Modeling

As convective storm modeling can help you avoid “worst-case scenario” rates and reduce risk, so can another type of risk modeling: catastrophe (or “CAT”) modeling.CAT modeling allows you to evaluate and manage the risk of perils ranging from earthquakes and hurricanes to terrorism and pandemics.

With hurricane season upon us, it’s never too late to understand the details that can make your property more secure and better insured. In this post, you’ll read more about CAT data and why it’s become increasingly important to underwriters and risk management professionals for mitigating risk.

What Secondary COPE Details Should You Gather for Hurricane Season?

Atlantic hurricane season began June 1, and if you’ve been wondering how you can batten down the hatches on your property insurance for windstorm and flooding, do we ever have an article for you!

In this post, we discuss the popular secondary COPE details related to wind and flood resistance. We give you the heads-up on the data you’ll need to collect for your statement of values. And we discuss how a little smart planning in advance can make sure all your property risk mitigation efforts aren’t suddenly gone with the wind.

How Understanding Your Property’s Architectural Features Can Affect Seismic Resistance

All buildings are not made equal when it comes to withstanding the rolling and rumbling of an earthquake. In this post, we talk about the various structural elements of buildings that can contribute to greater potential property damage in the case of a seismic risk event. By having properly-classified Secondary COPE Characteristics related to seismic resistance detailed for all your buildings, you can better ensure you are getting the right insurance coverage for your property. And worry less about your losses when the ground begins to shake.

The Hot Details on Fire-Resistive Construction and Other ISO Classifications

If you're in the Western US, you know wildfire season is nothing to joke about. Increasingly dry conditions can too-easily turn a dream property into a nightmare of fire damage and flames. So getting the right amount of property insurance coverage for your buildings is key to covering loss during an unfortunate fire event. This post discusses the information you'll want to gather about your property and its construction-- details which can lead to vulnerabilities in the case of conflagration. By leveraging this information with your insurance underwriter, you're able to take greater control of your risks and help better stave your losses if a fire does break out.

FEMA Flood Zone Map

Are your properties in area vulnerable to flooding? Find out in FEMA's Flood Zone Map pages.

California Seismic Hazard Zone Maps

Check out the California Department of Conservation's Seismic Hazard Zone Maps and data to learn more about the seismic risk levels of your property.

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