Smart-Settlement

Smart-Settlement is an AI-driven claims process used by insurtech carriers to issue payouts in minutes. By using a smartphone app to analyze photos and videos, the system identifies the “cause of loss” and estimates repair costs instantly. While Smart-Settlement offers unmatched speed for small claims like a burst pipe, homeowners must be careful to ensure the AI doesn’t overlook hidden damage that a human adjuster might find during a more traditional, thorough physical inspection.