360Value for Personal Property

Homeowners make improvements and material and labor costs fluctuate, so it takes reliable prefill and replacement cost data to maintain insurance to value (ITV) for you and your customers over the life of a policy.

Insurance to value is a moving target

Amid inflationary pressures, severe volatility, and record peaks in material prices, reconstruction costs have taken a rollercoaster ride.  When material and labor prices used to move from 2 to 4% a year, "good enough" data and rough reconstruction cost estimates (RCEs) could suffice, but pandemic-driven disruptions have driven upwards of triple-digit jumps in some costs.

Meet evolving customer expectations while maintaining rating integrity

Your customers want full protection and quotes that don’t change before bind. You want to price accurately and competitively. The right replacement cost estimator for underwriters can help put these goals in reach.

Align insurance to value

Access current material and labor data and insights to master your risks and stay on top of volatile trends.

Estimate costs across your portfolio

Get replacement costs for luxury homes, manufactured/mobile homes, and condos along with secondary structures.

Get more prefill "hits"

Give agents and customers fast and reliable quotes with detailed prefill and analytics that deliver "hits" on more addresses.

Track the latest changes to reconstruction costs

Reconstruction costs can change at different rates across time and geography—and can be very localized. Each quarter, Verisk reports reconstruction cost data and trends at the national and state levels.

Setting industry standards for maintaining insurance to value

Supporting insurance to value can benefit your policyholders with more appropriate premiums and total loss protection. You can tailor Verisk solutions to your portfolio with localized material and labor costs by property type.

Features and capabilities

Connect costs to claims

With 360Value®, your personal property replacement cost estimator can reflect real-world prices for labor and materials based on extensive research, direct data feeds, claims analyses, and communication with 92,000 claims and building contractors.

Get monthly updates

Monthly pricing updates help soften spikes amid inflationary pressures and cost peaks. Smaller changes improve alignment with market prices.

Localize your estimates

We include material and labor costs in 431 U.S. regions and add more cost components at the ZIP code level where applicable, including architect fees, permit fees, and sales tax, all of which significantly affect RCEs.

Estimate contents, too

Using the same 360Value technology and replacement costs, Verisk offers the Personal Property Calculator to estimate the value of items within the structure.

Quote efficiently with our prefill

SmartSource in 360Value gives insurers comprehensive data they can use—supplemented with modeled data for a 100% hit rate. Underwrite confidently as SmartSource uses machine learning and artificial intelligence to choose the most reliable sources.