Insurance Companies and VeriDry
VeriDry is a 3rd party verification process that confirms the quality of work provided by the mitigation contractors and the experience of the homeowner on behalf of insurance companies. We confirm and document that the structure is "dry" according to all industry standards during an in-person visit and provide those involved with a "Certificate of Dry". VeriDry certification removes the risk insurance companies would have over any future related issue.
Water mitigation claims have increased from $2,500 per claim to over $15,000 per claim in just 10 years. This increase is a symptom of a common business practice referred to as "When in doubt, rip it out."
VeriDry eliminates the incentives currently in place that create poor policy. With the incentives corrected, the average claim cost is expected to drop in the markets that VeriDry serves. In summary, VeriDry addresses the following industry challenges: