What is AQ (Address Qualification)
If we’re asked about an AQ Tool
We've tapped into our technology and built a tool to save you time by pre-vetting your risks with minimal time spent on the front end. By simply using 1 data point, the risk address, we are able to qualify your risk with a quick indication of whether it makes sense to submit..
The AQ Tool provides us with a quick indication on whether or not Honeycomb will likely open a quote for a property address. We request a list of at least 5+ addresses (can be upcoming renewals, a portfolio, book roll, etc.) and run them through AI models. We are then able to provide you with results detailing if an address would be either declined or if it’s a strong opportunity to be entered into QueenBee. Other agency partners who've utilized this tool find it super helpful as it saves even more time up front and doesn't impact an agency's declination/quote rate.
If we tell someone to provide us information about AQ
Thank you for your interest in our Address Qualification tool! Please provide us with a list of any amount of addresses that you would like to submit and we will send you your results within 24 hours. Feel free to follow up with any questions in the meantime!
What are some good use cases?
Some ideal uses for this tool include large portfolio's, book rolls, and master schedules. Are you ready to get a jump on your Q4 pipeline? Do you have a large book to roll or a master schedule that needs attention? Are you kicking off a new client prospecting push and want to target high-confidence properties? We have no limitation to the amount of addresses to submit. By quickly vetting the risk, we are able to save you time marketing and entering needless quotes. Simply input the addresses in a spreadsheet or list and email them back to us. We will provide you with the results within 24 hours.
Q&A
- What results with AQ yield, and what do they mean? Each valid address with receive either a Decline or Submit indication. 100% of ‘Decline’ properties will be auto-declined, but if a user is highly confident in recent updates, they can submit and then proceed with a declination review. We are currently seeing a ~65% quote rate / open rate on ‘Submit’ suggestions