Download the reports for an indication of how 360Value® replacement cost estimates may change at the national and state levels for the current quarter. The report also details changes in costs of common materials and labor trades used in property reconstruction.
Total reconstruction costs, including materials and retail labor, increased 6.8% from January 2022 to January 2023. This slight drop follows the 9.3% increase from October 2021 to October 2022. Cost increases have started to slow down and become steadier.
Persistent inflationary pressures heighten property insurers’ need for current, localized, component-based replacement cost estimates. And the need for data goes beyond the structure to encompass the contents that make a home complete
360Value Personal helps property insurers meet evolving customer expectations, while maintaining rating integrity.
We’re pleased to announce that Opta Information Intelligence is now a part of the Verisk family! Learn more about how we’re helping to reshape property risk management solutions with valuable services and business intelligence.
Amid record-breaking increases in reconstruction costs and growing inflationary pressures, 360Value can deliver a review of your book of business.
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