<div style="font-size:80%; line-height:120%;">After dating for a few years, Tom and his girlfriend Lily decide to get married. Soon they’re ready to purchase a home. Tom and Lily find the perfect house and realize they need homeowner’s insurance. Tom is dreading all the paperwork they’ll have to complete and Lily worries that they don’t have enough of the right information to accurately estimate the replacement cost of their new home. They begin their search by asking their respective auto carriers for quotes on a policy. The good news is that Tom’s auto carrier also provides personal property insurance and uses LexisNexis® Property Data Prefill. Thanks to accurate, auto-populated data, the carrier is able to quickly understand Tom and Lily’s situation and offer advice relevant to their specific needs.</div>
Now you can, with LexisNexis Property Data Prefill.
Traditional homeowner insurance applications rely on manually gathering data that many homeowners simply don’t know, such as structural information and home history. This can lead to incomplete or inaccurate applications. LexisNexis Property Data Prefill automates data gathering and prepopulates forms, streamlining the quoting process while providing more accurate and comprehensive data to help you build a more complete view of total risk. Leveraging the power of LexID®, Property Data Prefill collates and validates information from multiple data sources, providing both agent and carrier with critical data points that enable timely and accurate quotes, improved retention rates and a superior customer experience.
Tom and Lily’s carrier also leverages LexisNexis® Current Carrier Property, a contributory database that taps into auto data from all contributors for better risk segmentation when writing home insurance policies. Not only that, their carrier takes advantage of LexisNexis® Active Insights, which can automatically notify a carrier of activities that may impact an insured’s policy needs over time. This means Tom and Lily are more likely to get coverage that keeps up with their changing insurance needs ― and their carrier is more likely to keep them as valuable customers.