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360Value® for Commercial Property

How accurate are your commercial property replacement cost estimates?

Your book of business may be over- or underinsured if you're underwriting based on estimates that aren't:

  • prefilled with reliable, site-verified data
  • representative of current local pricing information
  • aligned with expected claims
Hit Rate Icon High hit rate for property characteristics
Accurate Icon Highly accurate replacement costs
Integrates Icon Integrates easily with Verisk ecosystem
Uptime Icon 99.6 percent uptime
Customer Icon Unsurpassed customer service

Expanding commercial property data

The hit rate with 360Value prefill for commercial properties has increased to roughly 75 percent, from 66 percent in 2021, according to a recent Verisk analysis.

Reliable component-based estimates

 

Reliable component-based estimates

Replacement costs vary geographically and fluctuate widely over time. 360Value provides dependable, claims-driven, component-based estimates that account for virtually all material and labor required to rebuild. Verisk professionals continually research and validate construction cost data at the local level. These ongoing reviews and analyses ensure that 360Value offers consistently accurate and current replacement cost data.

Estimate business contents with real-world claims

360value Commercial Brochure

Estimate business contents with real-world claims

Calculating the replacement cost of business personal property has often come down to guesswork—until now. Using data collected from business insurance policies and real-world claims, 360Value Commercial Contents employs proprietary computer models to generate a contents estimate based on verified information. Discover how a more accurate contents estimate can improve customer satisfaction and prevent underinsurance.

The Verisk ecosystem provides a full picture for commercial property

Align Building

Xactimate

360Value helps ensure that your building limits are aligned with expected property losses because it uses the same reconstruction cost data as the nation’s number one estimating solution—Xactimate®, a Verisk product.

Learn more about aligning building limits
New York City Skyline

ProMetrix Commercial Property

360Value prefills property-specific information for commercial properties across the United States. When available, prefill speeds up underwriting and quoting by letting users verify property information with customers, rather than having to collect it from scratch.

Learn more about ProMetrix
Onexperience For Commercial Property1

OneXperience for Commercial Property

Virtual inspection tool providing access to 360Value’s replacement cost calculator.

Learn more about OneXperience

Track the latest changes to reconstruction costs

360value Quarterly Reconstruction Cost Analysis

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.

Download the report

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.

Additional insights

Risk

Best practices for underwriting natural catastrophe risk

Taking into consideration the nuances of the property you’re insuring can help you take charge of multifaceted risk factors.

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Rating Engine Vendors

What insurers need to know about ISO Commercial Lines Manual rating engine vendors

Here's the difference between an insurance rating engine that uses ISO Electronic Rating Content™ (ISO ERC) and one that doesn't.

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Erc Rating Comic

Stop hitting snooze on your rating updates

Is the process of updating your commercial lines insurance rating content keeping you up nights? It's time for a cloud rating engine.

Read the article

Learn more about 360Value onboarding

Insights and thought leadership delivered to your inbox

Looking for actionable takeaways on trends influencing commercial property insurance? Check out Inside the Data-Verisk Commercial Property for analysis and news developed especially for underwriters and loss control engineers.

Contact Us to Learn More

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