Claims Solutions

Pricing Data Services: Accurate, Localised Cost Information

Get accurate, up-to-date dependable cost information that resonates with current market dynamics and mirros ever-fluctuating actual market prices.

The challenge of cost accuracy

Within the restoration industry, accurately estimating the costs of damage and repairs is a key challenge. Reliable, consistent pricing unifies the industry and keeps everyone on the same page. At Verisk, we report on cost information reflected in actual market prices.

A current and local pricing database

Verisk is the industry leader in research, our pricing data represents the standard of reliability and consistency. Our team reports cost information based on actual prices and transactions (completed bids) that have occurred recently in your area.

Dependable time and materials cost

We rely on over 50,000 providers of materials, equipment, and labour. Additionally, we collect more than 290,000 survey points each year.

Analysis of damage repair estimates and surveys

We analyse more than 5 million estimates annually, collecting data from more than 13 million data points and examining over 7,300 survey points each month.

Contents pricing data

Verisk maintains the largest contents database in the industry, featuring millions of vendor-specific items, 300,000 discontinued items, and 8,000 general quote items.

How to provide pricing feedback in Xactimate

See how to provide pricing feedback, and learn how your feedback can affect local and national pricing data.

How to provide pricing feedback in Xactimate

Monthly research for labour, materials and more

Verisk updates pricelists every month for 460+ regions across the US and Canada. We compile our discoveries into a monthly report detailing changes in major categories, shifts in lumber markets, fluctuations in gasoline prices, and additional insights.

Read the monthly pricing update

Monthly research for labour, materials and more

Our research methodology

Phase 1: Conduct market research

Each year, we meticulously analyse an array of market price points from numerous third-party sources, including thousands of daily in-field estimates submitted through Verisk.

Phase 2: Review and verify

All collected market research is organized in preparation for data integrity checks.

Phase 3: Analyse for insight and publish

We perform cluster analysis on subsets of gathered research to identify mid-range market price points using a proprietary process was designed by Brigham Young University PhDs. Market research results are then published and made available to the public.