Insurance for the Insurer
The high degree of accuracy that drone maps provide helps improve the likelihood of identifying the cause of an accident. In some cases, like in the one above at the French vacation site, 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 mapping 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 accurately assess a claim, the faster reconstruction can begin, and the more that 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 drones to capture a highly detailed rendering of the site saves time on two fronts. On the one hand, a drone 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 information captured, and the ability to easily collaborate on a web-based map can help adjusters and insurance inspectors complete their analysis faster.
“The way I see it, DroneDeploy is insurance for the insurer,” said Emilen. [click to tweet]
By reducing the time it takes to assess claims, drone maps can save insurance companies time and help the insuree to get ‘back on track’ faster.
An Ounce of Prevention
Drones are rapidly being adopted for loss assessment in the insurance industry, and Emilien expects that over the next few years, drones will be used to assess claims almost everywhere in the world. But Emilien’s not only interested in using drones to help assess disasters — he also thinks they have a role in helping to prevent them.
Before issuing a new insurance policy, insurance companies can use drones to inspect properties and verify the risks to be covered by the insurance company. Once risks have been identified, the insurance company can then work with their prospect or customer to mitigate risks and help prevent disaster.
Where to Learn More
Explore our support documentation to learn more about how to use some of the tools discussed above, including: