(Image source: HOVER website.)
HOVER, a technology company that transforms smartphone photos and blueprint designs of any property into a digital twin with valuable 3D data, has announced that it is expanding its solution to provide accurate interior property measurements. For insurance professionals, HOVER says it is now a complete exterior and interior solution to quickly generate to-the-inch measurements with just the phone in their pocket.
“Expanding into interiors has been a goal of ours since day one, and we’re very excited to make it a reality,” comments A.J. Altman, Founder and CEO, HOVER. “With a complete solution to document claim details, our insurance customers will feel confident that they’re leading their business into a more efficient claims process and providing the modern, efficient resolution that homeowners expect.”
HOVER describes its offering as helping insurance carriers reduce property claim cycle times and improve policyholder satisfaction at the same time. The company says it leverages up-to-date photos to produce complete structural measurements that feed directly into the carrier’s Verisk or Claims Connect solutions for fast and accurate estimates. Additionally, HOVER says it enables carriers to allow policyholders to capture the photos themselves, enabling complete virtual adjustments and increasing trust in the process.
Handling Interior Claims More Efficiently
The company’s new interiors solution allows insurance carriers to handle interior claims more efficiently by producing detailed interior measurements including floors, walls, doors, windows and openings in beautiful floor plans as well as detailed table views. HOVER says it has brought the best of its excellent exteriors solution to interiors, enabling faster claims resolution and increased customer satisfaction in the claims process with just an app on their phone.
HOVER boasts that it has gained strong adoption in the insurance industry. The company says it works with eight of the top 10 insurance carriers and in fall 2020, it announced a $60 million Series D financing round filled out by venture arms of leading insurance companies in the U.S.