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Manage roof risk: 360Value Roof Actual Cash Value

Roof Age
Roof ACV provides a powerful analytic tool to help insurers gauge the depreciation costs of a roof, more reliably classify risk, and enable better management of roof-related loss costs.

Verisk – insurance solutions has facilitated insurers’ ability to manage roof risk with the recent launch of 360Value® Roof Actual Cash Value (ACV), a new tool for estimating a roof’s actual cash value. The Roof ACV calculation gives insurers a more reliable estimate of the remaining dollar value of a roof based on the characteristics of each property. 360Value also further enhances insurers' ability to estimate roof age.

Powerful analytic tool

The Roof ACV tool was created as a powerful analytic tool to gauge the depreciation costs of a roof, more reliably classify risk, and enable better management of roof-related loss costs. It helps property insurers limit losses from older roofs, especially as it had always been a challenge to estimate the depreciated value of a roof.

With the new tool, insurers receive an actual cash value estimate based on the life cycle stage of the roof. The cash value is displayed as a dollar amount, along with the full replacement cost in 360Value. Insurers can gauge the remaining value estimated by 360Value against their existing ACV depreciation schedule to make underwriting and inspection decisions.

Roof ACV is particularly helpful when combined with 360Value replacement cost estimates in areas where wind and hail damage are common. It also works together with Verisk’s Roof Age to provide reliable, automated baseline estimates of roof age and the residual value of the roof. Roof Age delivers the highly accurate address-level roof age estimates on a nationwide basis by using diverse proprietary data sources highly correlated to roof replacements.

Roof ACV is available through 360Value. For more information on 360Value, please visit our website. For more information on Verisk's Roof Age, click here.

Learn more about 360Value and Verisk's Roof Age.

Joel Teemant

Joel Teemant is product director, 360Value commercial lines, for Verisk. He can be reached at

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