Ai Powered Digital Home Management Qorus Innovation in Insurance Awards 2024

HomeZada’s design innovation is a single, all-in-one platform to manage all the financial and physical details of your largest asset. It combines multiple applications, data, content and even AI in a simple and easy to use interface to save money, improve value, and be organized.

HomeZada manages key aspects of your home. It manages your home finances by continuously updating the estimated value, mortgage balance and home equity. It creates a budget for all your home expenses for property taxes, insurance, utilities, and other services. Second, HomeZada manages home maintenance by creating a preventative maintenance schedule which provides important notifications and reminders which reduces repair costs and lowers energy usage and costs.

HomeZada manages your home improvement projects. It has 50 templates of common remodel projects that guide you through creating budgets, tracking costs and storing all the contracts, invoices, receipts, warranties and photos. Home inventory features guides users into taking photos and videos with AI to document the fixed assets and personal property in your home to make sure you are properly insured and prepared in case disasters damage the home. HomeZada has several ways to personalize and be proactive with homeowners alerting them in a timely manner to take action and being aware of changing conditions that affect their home. The platform provides push notifications, emails, and a news feed for everything from home value updates, seasonal maintenance tasks, weather alerts, remodel suggestions and more. Onscreen dashboards and scorecards provide visualizations to understand all the financial metrics for the home.

HomeZada’s is pioneering the design innovation of incorporating generative AI into its consumer digital home management platform. Most homeowners have little knowledge on how to develop a budget for a remodel project. HomeZada’s AI provides a list of all the materials required, captures the dimensions of the project, and then uses AI to create a detailed budget for each item on the project. This includes calculating the quantities of materials and providing appropriate unit costs. This is completed in less than one minute with a high degree of accuracy for any project versus hours and days of research to do the same in traditional ways.

HomeZada’s AI processes photos of each room in your home and identifies the objects and estimates the value of each item. This process of creating a home insurance inventory is quick and accurate. HomeZada’s AI monitors the national weather service for severe weather events and provides recommendations to minimize potential damage to your home. In addition, HomeZada’s AI provides step by step instruction on how to perform any maintenance tasks in the home.