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
High hit rate for property characteristics
Highly accurate replacement costs
Integrates easily with Verisk ecosystem
99.6 percent uptime
Unsurpassed customer service
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.
The Verisk ecosystem provides a full picture for commercial property
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.
ProMetrix Commercial Property
360Value prefills property-specific information for more than 12.2 million 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.
OneXperience for Commercial Property
Virtual inspection tool providing access to 360Value’s replacement cost calculator.
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/province levels for the United States and Canada.
Additional insights
Reconstruction costs rise sharply, boosted by historic surge in lumber prices
Total reconstruction costs rose 16.7% in the second quarter of 2021, with lumber up 162.7%
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How to find reliable data in the Lloyd’s Market
Reliable data is an indispensable resource for actuaries, whether they are novices or seasoned practitioners.
Read the article
Double-checking made easy: Commercial property underwriters can now access verified replacement cost estimates on demand
A new, customer-focused purchase option gives ProMetrix users the power to order 360Value commercial property replacement cost estimates on demand.
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