The number of insurance claims arising from damage to property from ground movement in the UK has been rising in recent years, and the annual cost can exceed £100 million. The Financial Conduct Authority (FCA) defines four main causes of damage related to ground movement.
The detection and monitoring of all these processes can benefit from InSAR monitoring by SatSense.
Movement of properties typically starts long before any significant damage is caused. Meaning, the earlier that ground movement is identified, the more power property owners have to predict and place preventative measures for potential damage.
InSAR satellite monitoring technology detects ground displacement at the property level in near-real-time. Movement datasets are accessible via our SatShop portal, where data is updated every six days, or query our bespoke property risk indices to quickly assess several movement risks across individual properties or an entire investment portfolio.
Building movement typically starts long before any significant damage is caused. This means that the analysis of building movement from InSAR data has predictive power for potential damage.
SatSense produces a series of risk indices, based on different aspects of ground movement, that are of interest to insurance companies and purchasers of property. Processes that can flag an increased risk of ground movement at a property include:
When an insurance claim for property damage is made, 6 to 18 months of building monitoring on the ground is typically needed to demonstrate seasonal movement, which is both expensive and time-consuming. Tracking subsidence using the archive of SatSense InSAR data can offer an alternative approach that delivers results without delay and at a lower cost.