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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

Additional insights

Roof Risk

Capturing the flavors of roof risk with reliable data

Multiple homeowners insurers sought solutions to challenges around roof risk, and Verisk has created case studies to follow their journeys.

Read the article
Commercial Building Article

What’s going on inside that commercial building?

Verifying critical attributes that change frequently, such as occupancy, can help ensure more accurate commercial property underwriting.

Read the article
Lifecycle Property

How can changes in home ownership and occupancy create hidden risks?

Knowing a property's history, including changes in ownership and occupancy, is essential to paint a vivid picture of a property's condition.

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

Other Ways to Connect

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