360Value - Overview
360Value® helps you maintain insurance to value through the life of a policy. With quoting, underwriting, annual renewals, and periodic checks of book of business, 360Value provides component-based replacement cost estimates for the full range of residential, commercial, and agricultural properties.
Underinsurance is still a concern for U.S. property insurers. A Verisk Underwriting insurance-to-value analysis revealed 75 percent of properties had Coverage A values less than the estimated replacement cost, with more than 30 percent of those properties insured for at least 10 percent below the estimated replacement cost.
360Value will help you bring coverage limits in line with replacement cost estimates. It shares the same building cost data as claims loss estimation system Xactimate®, providing highly reliable replacement cost estimates based partially on recent claims loss experience.