We have reviewed how CoreLogic can leverage available third-party data relating to the bushfires to support our customers and the broader industries we serve.
If you need more information on the solutions outlined below, or if you believe we can assist in some other way, contact your client account manager, or the Customer Call Centre on 1300 734 318. Alternatively, make use of the contact form.
HELPING PROPERTY OWNERS
For home owners impacted by the bushfires, the cost of rebuilding is a pressing concern, and so is the question of whether they have adequate insurance. Fortunately, CoreLogic’s Cordell Sum Sure Calculator, an intuitive digital tool that uses CoreLogic property and construction data, is available as a free-to-use service to help answer these questions and to simplify the task of estimating rebuild costs.
HELPING FINANCIAL INSTITUTIONS
We are offering the following support to financial institutions, free of charge on a one-time basis.
First, we can help identify customer properties that may have been impacted by the bushfires. This data can empower organisations to reach-out proactively to these customers, and to prioritise their inbound enquiries.
While also enabling more timely and targeted customer support, our information will indicate:
- whether the property is located in an area that may have been affected by fire
- the property’s recent estimated value
- whether it is listed for sale or rent
- the estimated rebuild cost of the property.
In addition, we can identify properties close to affected areas that are subject to valuation requests, and can temporarily exclude them from data driven ‘no inspection’ valuation strategies and escalate them to physical inspections.
HELPING REAL ESTATES AGENCIES
In addition, we are assisting Real Estate businesses in supporting their agencies and customers.
For a start, free of charge on a one-time basis, we can help agencies identify offices and customers that may have been affected. On top of that, we can monitor listings activity in impacted areas, and can provide insights into:
- whether a property is located in an area that may have been impacted by fire
- a property’s recent estimated value
- if a property is listed for sale or rent
- the estimated rebuild cost of a property.
This is our way of showing our commitment to the Australian real estate industry, and Australia at large. Please feel free to reach out to CoreLogic to find out more. Let’s discuss how we can help you.
HELPING GOVERNMENT AGENCIES
Our data can assist state and federal government agencies by identifying and providing information about those properties that may have been impacted. We can help government agencies:
- understand population displacement and dislocation
- validate relief payment claims
- provide economic impact analysis
- assist with tax assessments for individuals, businesses or corporations
- identify longer-term health impacts.
If you work in government and believe CoreLogic data can add value to your bushfire response initiatives please contact us.
We are offering the following support to insurers, free of charge on a one-time basis.
We can help insurers identify customers whose properties may have been impacted, enabling insurance organisations to reach out proactively to them and to prioritise their inbound enquiries.
Insurance cover is clearly a pressing concern for those impacted by the bushfires and our data can help estimate rebuild costs for direct comparison with the insured sums. This can help insurers assess any shortfalls quickly, ensuring speedy policy decisions can be made about how best to support impacted customers.
If any of this support is of value, or you believe CoreLogic may be able to assist your organisation in another way, please contact us.