HazardHub, the nation’s fastest-growing supplier of geospatial risk data, is pleased to announce the introduction of Home Replacement Cost estimates from our award-winning API.
HazardHub combines its high-resolution property data with the intelligence provided by e2Value to create ReplacementHub, an estimate of the amount needed to replace the existing property structure. ReplacementHub recognizes the difference in both commercial and residential properties, applying the most appropriate answer for a given location.
Bob Frady, CEO of HazardHub, says “the recent string of wildfires in California has introduced a new and expensive hazard for property insurers – underinsurance. People are surprised to find that – from a catastrophe or not – they often don’t have enough insurance to cover the cost of rebuilding a home or business. In the end, the insurance company can end up with a compliance and customer nightmare,