Opta In The News

Opta In the News

Why getting ITV right matters

02 June 2015

In Western Canada, underinsurance is proving to be a rising concern as many experts feel that underinsurance rates in British Columbia are among the highest in Canada where 70% of existing home owner policies are underinsured by an average of 30%.

Opta, creators of the iClarify™ valuation tool, recently conducted a study analyzing urban and rural losses across B.C. to measure the accuracy and variance of iClarify™ replacement costs versus contractor total loss estimates. These values, when compared to Coverage A on all policies, prove a staggering difference with properties heavily underinsured in B.C.

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