#United States #Chino Hills #CRMLS #Property Guardian #Wildfire Insurance

California Regional MLS Launches Property Guardian InsurAble

In a significant move to support real estate professionals in wildfire-prone regions, the California Regional MLS (CRMLS) has rolled out Property Guardian InsurAble. This innovative tool addresses pressing insurance-related issues stemming from California's escalating wildfire risks. For real estate agents, keeping clients informed about insurance options is crucial, especially in high-risk zones where insurance availability can be uncertain and prices exorbitant.

The Wildfire Challenge

California has been grappling with frequent and devastating wildfires. As a result, buyers often face unpleasant surprises when they discover a property may be difficult—or even impossible—to insure. This leads to stalled transactions that can negatively impact both agents and buyers.

Art Carter, CEO of CRMLS, emphasizes that the complexities of insurance are growing as wildfires increase in frequency. He asserts, “Property Guardian's InsurAble tool equips CRMLS users with the knowledge to engage in informed discussions, safeguarding clients while enhancing transaction certainty.”

Empowering Agents and Buyers

Property Guardian InsurAble offers an array of features designed to enhance the real estate transaction process:

• - Instant Insurance Insights: Users gain a comprehensive view of a property’s insurability, including information from admitted markets to FAIR Plan options, along with estimates of insurance premiums.
• - Tailored Mitigation Strategies: The tool offers property-specific recommendations based on the Institute for Business & Home Safety (IBHS) standards, focusing on risk reduction and potential cost savings in insurance premiums.
• - Detailed Wildfire Risk Analysis: Users can access thorough assessments of a property's wildfire vulnerability. This includes various risk factors from the structure itself to historical data on wildfire occurrences in the area.
• - Insurance Broker Referrals: The platform also provides connections to licensed brokers who can assist clients in obtaining quotes and understanding their market options.

According to Pat Blandford, Founder and CEO of Property Guardian, this tool not only identifies wildfire risks but also empowers agents to navigate those risks effectively. He states, “By clearly outlining insurance availability and linking buyers to broker support, agents can facilitate transactions and enhance clients' decision-making confidence.”

Built on Expertise

Developed by experts in wildfire mitigation, insurance underwriting, data analysis, and certified firefighting, Property Guardian integrates advanced analytics with field expertise. This collaborative approach ensures that the tool is not just a theoretical framework but a practical solution trusted by insurance carriers and beneficial for real estate professionals.

CRMLS users can now access the Property Guardian InsurAble assessments, available at a discounted rate through the CRMLS Marketplace. This initiative underscores CRMLS's commitment to providing resources that equip its over 100,000 subscribers with the relevant tools they need to succeed in an evolving market.

About CRMLS and Property Guardian

California Regional MLS is recognized as the foremost subscriber-based MLS in the United States, serving a vast network of real estate professionals. Its mission revolves around delivering essential services and products that cater to the needs of its members. Visit go.crmls.org for more information.

Property Guardian, powered by Green Shield Risk Solutions, aims to promote insurability through technology and expertise. Their focus is on delivering tailored wildfire risk assessments and insurance solutions. More can be learned at propertyguardian.com.

With tools like Property Guardian InsurAble, CRMLS is spearheading a proactive approach to support agents and home buyers alike in navigating California's complex insurance landscape amid growing wildfire concerns.