In the intricate world of insurance underwriting, where precision is paramount, overlooking critical details can be costly. Commercial truck assets, in particular, pose a unique challenge. The process of assessing their value often involves a labyrinth of industry-specific alterations, making it susceptible to errors and, more importantly, potential underpricing.

The root of this problem lies in the conventional approach to determining premiums, primarily relying on the Original Cost New (OCN) obtained from the Vehicle Identification Number (VIN) of incomplete trucks – those without a body or equipment attached. These trucks, often referred to as cab and chassis, stripped chassis, or cutaway vans, undergo substantial customization or “upfitting” before they hit the road. This customization significantly increases their value, yet the VIN decoding rules fail to account for these alterations, resulting in chronic underquoting.

But what if there were a solution to this predicament? One that could bring clarity to the complex process of valuing commercial trucks and enable insurance carriers to set premiums confidently while minimizing exposure to risk. Enter Price Digests, your Data Mastery Partner for over a century. Our exclusive TruckBody IQ® Intelligence Solution bridges the gap between the underreported OCN from traditional VIN prefill and the actual OCN of a completed truck, including the value of the equipped truck body. This innovation is purpose-built to enhance quote accuracy during underwriting, reduce risk for insurers, and mitigate premium leakage. Tools like TruckBody IQ™ eliminate the guesswork from the equation, allowing you to insure the full vehicle value based on body type or an accurate usage-based approximation.

How can you transform your insurance operations? The answer lies in data insights. Price Digests equips you with the essential tools and information required to make precise valuations and underwriting decisions. With over a century of data mastery, we offer comprehensive solutions that empower better decision-making.

Don’t let underpricing erode your profits and increase your exposure to risk. It’s time to take your insurance operations to the next level with Price Digests.

Explore the possibilities, mitigate risks, and unlock the true value of your commercial truck assets. Contact Price Digests today and discover how we can revolutionize your insurance underwriting process, bringing unparalleled accuracy and confidence to your premium calculations. Your business deserves nothing less than the best, and Price Digests is here to provide just that.