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AI Property Insurance Underwriting Assistant
Submit an underwriting request to have its information extracted into the ontology; review the flags, score it and answer the broker
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Propertyevery field sourced to the submissionMenu
Property Name
Lone Star Corporate Center
Property City
Austin
Property Value
$85 million
Property Construction
reinforced concrete and steel frame
Square Footage
412,000
Property Occupancy
95%
Year Built
2016
Partner Company
Texas Business Insurance Solutions
Safety Measures
fire suppression, smoke detectors, 24/7 surveillance, generator
Email Date
March 4, 2020
Recipient
Commercial Property Underwriting
Email Sender
Emily Brown
Requested Products
Property, Business Interruption, General Liability
Reevaluated At
No value
Standardsautomatic checks against underwriting standards and external data
✓ Pass
Already insured
No active policy found for this address.
✓ Pass
Duplicate submission
No matching submission in the inbox.
✓ Pass
Flood zone
Outside mapped flood zones.
✓ Pass
Sanctions and news
No adverse news on the owner or partner in SEC filings and news feeds.
Suggested response to Emily Brown (Texas Business Insurance Solutions)
Dear Emily, thank you for the submission for Lone Star Corporate Center. We can quote Property and Business Interruption on the basis provided. Please confirm the current loss runs for the last five years and the tenant schedule. We will follow with terms within two working days.
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TitleCreated ByCameron JoynerDate CreatedThu, Aug 3, 2023
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LoneStarLone Star Corporate Center
Subject: Insurance Submission for Lone Star Corporate Center
Sender: Emily Brown
Sent on behalf of: Texas Business Insurance Solutions
Recipient(s): Commercial Property Underwriting Department
Date: March 4, 2020

Dear Commercial Property Underwriting Department,

On behalf of our client, Lone Star Corporate Center, we are submitting the following information for underwriting consideration to obtain property insurance products for their commercial building.

Lone Star Corporate Center is a modern commercial building situated in the heart of Austin. At present, the property boasts a 95% occupancy rate, accommodating a mix of businesses including tech startups, co-working spaces and retail stores. Constructed with reinforced concrete and steel frame, the building incorporates eco-friendly materials and solar panels.

The building is equipped with several safety and protection measures: a state-of-the-art fire suppression system, featuring sprinklers and smoke detectors installed throughout the property, 24/7 video surveillance and on-site security personnel. An emergency generator has been set up to guarantee the continuous operation of safety systems.

In the past five years, Lone Star Corporate Center has reported minimal losses, including a $7,000 burglary claim. The current market value of the property is estimated at $85 million.

We request underwriting consideration for the following insurance products: Property Insurance, Business Interruption Insurance, General Liability Insurance.