An Inland Marine insurance application collects detailed information about the applicant, requested coverage, and insured property to ensure accurate underwriting. The application includes applicant details such as the named insured, mailing address, and requested effective and expiration dates of coverage. Applicants specify coverage terms including the total or itemized limit of insurance, requested deductible, and loss settlement basis such as Actual Cash Value or Replacement Cost. Operational details are also captured, including the primary business type, use of equipment, and territory of use to assess exposure.
Feathery’s AI automatically extracts this data from submitted applications, including prior Inland Marine coverage, five-year loss history, and detailed property coverage requests. This allows carriers and brokers to quickly assess risk, streamline quoting, and reduce errors caused by manual data entry. The automation also supports faster turnaround on Inland Marine quotes, improving efficiency for both applicants and underwriters.