Replacement costs fluctuate for properties you insure when homeowners make improvements and building material prices rise and fall.
Reliable replacement cost estimates are essential to protect customers. These customers are beginning to demand a new way of doing business that puts the estimation process in their hands.
360Value helps property insurers meet evolving customer expectations, while maintaining rating integrity.
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.
Integrating 360Value into your underwriting workflow
360Value can integrate into a customer-facing web front end that lets insurance buyers estimate replacement costs as part of an online quoting process. This integration supports replacement cost estimation on any device, including computers, tablets, and smartphones.
Only Verisk offers this online interface designed with the customer in mind, helping you increase collaboration with homeowners to enhance the customer experience.
A customer-centric user experience
The transition to digital is a challenge for property insurers, and you have to meet customer expectations in order to grow profitably. 360Value makes it easier and helps you develop a customer-centric insurance buying experience.