METHOD OF USING BUILDING PERMITS TO IDENTIFY UNDERINSURED PROPERTIES

摘要

Computer-implemented methods and computer systems for identifying whether there exists building permit information associated with a structure, or for estimating underinsurance of condition of a structure are provided. The computer implemented methods include acquiring construction information on a plurality of structures in computer-readable form and converting the construction information into a standardized database. The construction information may include building permit data including one or more of the number of building permits within a particular time frame, building permit age, building permit category, and job cost. Further, the computer implemented methods may include estimating underinsurance or condition of a target structure based on the construction information.

主权项

1. A method comprising:
searching a database of permit data associated with a plurality of properties; determining whether permit data for a target property is present in the database; if the permit data for the target property is present, extracting improvement data or maintenance data associated with the target property from the permit data; using a computer processor and the presence or lack of permit data associated with the target property, the improvement data, and/or the maintenance data to identify whether physical condition of the target property has changed over time and to estimate an extent to which the physical condition of the target property has changed; and assigning a score to the target property based on whether and the extent to which the physical condition of the target property has changed.