Insurance & Restoration
The use of 3D walkthroughs in the insurance industry can provide accurate and detailed models of buildings and properties, which can be used for underwriting, claims, and risk management. This technology can help insurers to more efficiently process claims and adjusters, reduce time spent in the field, and rectify discrepancies in damage claims. Additionally, 3D models can be shared with engineers, adjusters, builders, and policyholders to ensure accurate and fair documentation and valuations. The platform offers a range of solutions for insurance and restoration companies, including property loss estimation and operational efficiency. Through the use of 3D models and digital twin technology, these companies can collaborate more easily and effectively to maximize revenue and speed up the claims process. By providing accurate and transparent documentation, it helps to ensure that clients can get back into their homes or businesses faster after a disaster, which is critical for both insurers and property owners.
Insurance Adjustors
The 3D walkthrough technology offers valuable benefits to the insurance industry, including accurate documentation for risk management, efficient claims processing, and court-admissible evidence for adjusters. Insurers can use the digital twin platform to generate comprehensive pre-loss documentation and inform underwriting practices, reducing the initial risk of insuring a building and eliminating the need for physical reinspection. The platform also allows for policy and claims notes to be added directly into the 3D model for a single source of truth.
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Walkthroughs, schematic floor plans, and other assets can be generated remotely, reducing the need to travel to sites. Court-admissible documentation with spaces that cannot be manipulated can be created, and 3D walkthroughs can be used to bring the jury to the scene. The platform can also reduce sketch time by up to 70% and improve negotiation for clients with meticulous documentation and background information.
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Matterport's TruePlan service is a valuable new tool for the insurance and restoration industries. With TruePlan, restoration contractors and insurance adjusters can easily import accurate SKX files into Xactimate software, eliminating the need for manual measurements and sketches. This turnkey service generates an Xactimate-compatible file within 48 hours of being ordered from the Matterport platform, saving time and money for insurance and restoration professionals.
Expedited Claims
3D walkthroughs offer accurate and easy-to-use documentation that serves as a single source of truth from initial policy decisions through claims handling. This eliminates the need for hundreds of photographs, measurements, repeat site visits, and written statements.
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Using a 3D scan, insurance and restoration professionals can increase their revenue by offering the most accurate documentation, speed up claim approvals, and close cases faster with more thorough documentation. Additionally, pre-mitigation scans can help decrease the number of policyholder breakage claims by capturing everything in its current state.
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For property owners, Matterport's technology offers an accurate and expedited claims process. The platform provides a complete record of a property's condition, an inventory of personal items and other assets within the building, and can reduce discrepancies and disputes with insurance carriers. Overall, Matterport's 3D walkthrough technology offers a valuable tool for the insurance industry to reduce costs, save time, and improve accuracy in claims handling.
