The Problem We Solve
The costs of contents claims are enormous.
- EquiX estimates that insurers pay households and businesses $12 billion to $17 billion for lost contents every year in the U.S. alone.
- Insurers estimate that their adjusters spend up to one-third of their time identifying and valuing the dozens to thousands of items in a contents claim, a large operating expense for insurers.
- The contents portion of a claim is also often a source of disagreement and claimant dissatisfaction, leading to settlement delays, litigation, and customer churn for the insurer.
The Property Claims Process: Multibillion-Dollar Mess