Why Underwriters Ask for Construction and Occupancy Data

Construction and occupancy are two of the most important fields in a property insurance schedule of values because they explain what a building is and what happens inside it.

Construction affects loss potential

Construction type can influence fire vulnerability, storm damage, rebuild cost, and repair timeline. A concrete office building and a lightweight industrial unit can carry very different assumptions.

Occupancy explains activity

Occupancy tells the underwriter whether the location is an office, warehouse, factory, retail unit, hotel, school, or another type of risk. That activity changes expected hazards and questions.

Missing data slows submissions

If construction and occupancy are blank, the underwriter must ask follow-up questions or make conservative assumptions. Cleaner SOV data helps the submission look more prepared.

Check your SOV

Use the SOV Cleaner to find missing construction and occupancy fields before sending a property schedule to market.