Xactware, a claims software and service pro- vider for the insurance repair industry, is looking to bridge the gap between underwriting and claims with the introduction of HomesitePro, an online valuation tool for homes. Bear River Mutual Insurance, a Salt Lake City property/casualty insurer, has been using an earlier version of the HomesitePro product and has tested the newest version, according to Bear River property supervisor Don Edmunds.

He believes the added functionality will be a valuable addition for insurers. This will help make sure the home is insured to the proper value when the original policy is purchased, he says. Agents selling Bear River homeowners policies will do a HomesitePro valuation on every policy, and the valuation will be stored so that future modifications of the structure can be added.

Xactware believes a huge number of homes in America are underinsuredmaybe by as much as 75 percent. Its software and pricing data are used to settle structural claims, so it was only natural the same engine be used to create component-based valuations for underwriting. Using the same engine for both underwriting and claims was the next step in the technical evolution of the product.

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