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
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.
Align building limits with expected losses
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® prefill makes it easy
360Value prefills property-specific information for more than 6 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.
Easy to integrate into your existing workflow
Available through the ProMetrix® web platform or API, 360Value can be incorporated into virtually any policy management system.
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 U.S. and Canada.
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