Insurance to Value
360Value
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.
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
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.
Five strategies for better replacement cost estimates
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more than 20 years, fueled by a strong connection to claims-based data, Verisk recommends five strategies to help avoid outdated valuations that could leave insurers and their customers vulnerable in the event of a total loss.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
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 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
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.
Get reliable replacement cost estimates for every property in your book of business
Enhancing underwriting with holistic, current, claims-based data
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
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 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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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.
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