Trov Alerts Policyholders and Brokers When Insured Values Change and New Items are Acquired
San Ramon, CA – August 27, 2013 – Today Trov, whose applications help people collect and benefit from the information about every thing they own, announced it has partnered with the U.S.’s leading national and independent insurance brokers to promote Trov’s applications for improving asset protection. Hub International, Lockton and Willis are among the national brokers recommending Trov to their clients, while scores of the most prominent independent brokers, including Brown and Brown Private Client Group, Costello and Sons, Fort Point, G.S. Levine, Lane McVicker and TDC have also announced their support for Trov’s products and services.
Each Trov user activates a private online digital locker where the information about their property and possessions is collected, regularly valued, and securely managed. With Trov, agents and carriers gain greater visibility into what their policyholders own and are acquiring, and are kept informed about the changing values of the items they insure. These insights enable agents to more effectively manage risk for their clients, who depend on them to adequately insure against loss.
“Trov provides us with an accurate assessment of what our clients really own today, and an immediate view of what they’re acquiring in the future,” said Jim Kane, president, Hub International Personal Insurance. “With access to up-to-date, qualified appraised values in the Trov, we can tailor policies and serve our clients in ways never before possible.”
”At the core of our industry is the need to accurately maintain insurance-to-value, but changes to value have been opaque until now,” said Jim Schwarzkopf, principal of TDC Risk Management. “Trov gives our clients a new way to actively manage the information about their possessions, so we can better protect them if they experience property loss or damage.”
Many of the world’s leading appraisers have been trained by the Company to use its Trov Collect application to perform in-home data-collection of client possessions. With an activated Trov, clients and their advisors gain a complete knowledge of what the client owns, where it’s located, and what it’s worth, ensuring the client’s possessions are always accounted for and adequately protected.
“Insurers have long relied on limited information about their clients’ possessions, which has led to inaccuracies and undue exposure,” said Scott Walchek, CEO of Trov. “Since Trov collects more information, regularly revalues insured possessions, and also enables information to be collected at point-of-sale, policyholders and brokers are connected and informed like never before.”
About Trov Inc.
Trov creates applications that help people collect and benefit from the information about every thing they own. The data is stored in a personal Trov - a private online digital locker where their information is organized, valued, securely accessible, and selectively sharable. Members receive unique benefits from Trov partners, including the world’s leading insurers, wealth managers, luxury retailers, financial services, auction houses, appraisers, and more. Trov is privately funded, and headquartered in the San Francisco Bay Area with offices throughout the U.S. For more information, visit trov.com or follow us on Twitter @mytrov.