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Insurance to Value

Data-driven ITV, from quote to renewal

Ensuring insurance to value (ITV)—from new business to renewal—is good for you and your policyholders: They’re better protected in the event of a total loss, and you collect premiums appropriate to the risk.

Align your coverage to claims

360Value® uses the building cost information in our claims loss estimation system, Xactimate®, providing highly reliable replacement cost estimates supported by recent claims loss experience.

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Monthly pricing data makes the difference

Calculating replacement costs with monthly data means prices are more likely to reflect current market realities. Frequent pricing updates can flatten the curve of potential spikes, resulting in fewer surprises for carriers quoting policies and property owners applying for insurance.

Instant, reliable property valuations

 

Instant, reliable property valuations

For property underwriters, it can seem like the whole world is a moving target. 360Value is one of the only valuation tools using reconstruction costs based on over 20 years of actual insurance claims data, current and localized for the properties you want.

Track the latest changes to reconstruction costs

360value Quarterly Reconstruction

Reconstruction costs can change over time, and at different rates by geography, down to a very localized level. Each quarter, Verisk’s reconstruction cost data reports provide reconstruction cost trends at the national and state levels.

See the latest figures

Five strategies for better replacement cost estimates

Itv Alignment

Five strategies for better replacement cost estimates

As a leader in replacement cost estimation for more than 20 years, fueled by a strong connection to claims-based data, Verisk recommends five strategies to help avoid outdated valuations that could leave insurers and their customers vulnerable in the event of a total loss.

A detailed view of property risk for the increasing wildfire peril

Wildfire Risk In 2021

A detailed view of property risk for the increasing wildfire peril

As wildfires grow in frequency and severity, so does the value of data ecosystems to deliver a comprehensive view of property risk, from address-level exposure to granular, up-to-date reconstruction cost estimates.

Prefill data that helps accelerate and improve property underwriting

Prefill Data

Prefill data that helps accelerate and improve property underwriting

Data demands to support underwriting  are growing and increasingly hard to manage. 360Value can give you easy access to trustworthy property and hazard information on insured risks.

Responding to a growing hail threat with current replacement data

Hail Storm Over Fields 1

Responding to a growing hail threat with current replacement data

Hail is affecting more properties over a wider area than the traditional “hail alley.” As a roof’s condition declines, replacement is often the next step.  The cost can change significantly over time, based on local material and labor costs.

Enhancing underwriting with holistic, current, claims-based data

360value Webinar On Demand

Enhancing underwriting with holistic, current, claims-based data

Watch the on-demand webinars to learn about the latest advances in our reconstruction data:

Additional insights

Inside Data

Stay ahead of volatile replacement costs to support insurance-to-value

Enhance ITV at bind and renewal with 360Value for Commercial Property, which includes monthly price updates based on localized claims.

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Reconstruction Cost Value

Reconstruction cost rise slows—but from historic peaks

Verisk's 360Value Quarterly Reconstruction Cost Analysis shows materials and labor prices rose 3 percent from July 2021 to July 2022.

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Comic Lifecycle

Keeping up with home improvements—and insurance to value

Knowing when a property has been updated is critical, as these changes can add new liability risks and insurance-to-value considerations.

Read the article

Contact Us to Learn More

Other Ways to Connect

We are available Monday through Friday, 7 a.m. — 8 p.m. US Eastern Time:

  • Chat Now

    Note that password resets and user information are not available through Live Chat or Email. Instead, please call the main toll-free number below.

  • Main Toll-Free: 1-800-888-4476

  • Global Toll-Free: International Access code, then 800 48977489
    When calling from the UK, please dial 00 800 4897 7489

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