Verisk data shows the cost to rebuild a property is still more than 11 percent higher, on average, than it was pre-pandemic.
Total reconstruction costs, including materials and retail labor, increased by 9.3% from October 2021 to October 2022.
Enhance ITV at bind and renewal with 360Value for Commercial Property, which includes monthly price updates based on localized claims.
Verisk's 360Value Quarterly Reconstruction Cost Analysis shows materials and labor prices rose 3 percent from July 2021 to July 2022.
Property insurers can move to simplify quoting workflows in a digital-first strategy with fast, reliable reconstruction cost estimates.
Verisk's 360Value® Quarterly Reconstruction Cost Analysis shows materials and labor prices rose 13.5 percent from April 2021 to April 2022
Enhance ITV with 360Value for Commercial Property, which includes monthly price updates and an a pioneering method for estimating contents.
Total U.S. reconstruction costs, including materials and retail labor, rose 7.2 percent in the year-over-year period ending January 2022.
The latest 360Value® Reconstruction Cost Analysis shows that lumber price volatility is slowing the overall pace of growth.
The comic strip is part of our new Laugh Ratios series, highlighting Verisk’s 360Value solutions, which provide reliable replacement cost estimates.
Total reconstruction costs rose 16.7% in the second quarter of 2021, with lumber up 162.7%
A new, customer-focused purchase option gives ProMetrix users the power to order 360Value commercial property replacement cost estimates on demand.
Total U.S. reconstruction costs continued to rise in Q2 2021, according to Verisk, with lumber costs soaring a historic 84.71%.
Verisk has facilitated insurers’ ability to manage roof risk with 360Value Roof Actual Cash Value (ACV), a tool for estimating a roof’s actual cash value.
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