Underwriting and Rating

360Value for Commercial Property

From underwriting new risks to policy renewal, count on 360Value^® to generate reliable estimates for every commercial property in your portfolio.

How accurate are your commercial property replacement cost estimates?

Your book of business may be over- or underinsured if you're underwriting based on estimates that aren't prefilled with reliable, site-verified data; based on current, local pricing information; and aligned with expected claims.

The 360Value difference

Commercial insurers now have unprecedented access to regularly updated, localized, and component-based materials and labor costs to build dependable replacement cost estimates.

Align insurance to value

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

Estimate business contents

Get contents estimates based on verified data we collect from business insurance policies and actual claims—and process via our proprietary 360Value Commercial Contents models.

Integrate easily with Verisk’s ecosystem

See how 360Value integrates seamlessly with Verisk’s ecosystem of commercial property solutions.

The simplicity of 360Value saves our agents time by dependably prefilling more accurate underwriting information when evaluating a risk, whether it’s related to a home, commercial premises, or agricultural property.

Read the press release

Donny Kaneshiro

Mountain West

Vice President of Operations and Underwriting

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.

Download the report

Track the latest changes to reconstruction costs

Reliable, component-based estimates

360Value provides dependable, claims-driven, component-based estimates that account for virtually all material and labor required to rebuild. Verisk professionals continually research and validate construction cost data at the local level.

Reliable, component-based estimates

Leverage pre-built integrations with multiple policy administration systems. Partnerships and accelerators can help support easy and seamless workflows.

Learn about our alliances

Features and capabilities

Connect costs to claims

We update the 360Value database with real-time feedback from thousands of contractors and claims adjusters, extensive material and labor cost surveys, and analysis of millions of actual damage repair estimates.

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.

360Value-Infographic

Take commercial property prefill to the next level

360Value for Commercial Property delivers an average hit rate of 75% when paired with prefill from ProMetrix, which combines on-site survey information, public records, and modeling trained and validated with real-world inspection data.

View the infographic

Related resources

Stay in the know about important industry trends and innovative solutions.

Track The Latest Changes To Reconstruction Costs

Report

Verisk Reconstruction Cost Analysis

Download the report for an indication of how 360Value replacement cost estimates may change at the national and state levels for the current quarter.

Download the report

White paper

Striving for ITV alignment

Verisk recommends five strategies to help avoid outdated valuations that could leave insurers and their customers vulnerable in the event of a total loss.

Download the white paper

Article

How insurtech can better determine sufficient contents coverage

From estimating to calculating: Predictive modeling and machine learning remove the guesswork from evaluations.

Read the article

Article

The claims connection: A key consideration for ITV alignment

The truest test of an ITV solution is how it performs with actual losses, which can yield critical data to validate and calibrate RCEs.

Read the article

Article

Smarter and faster: Prefill data to help accelerate workflows

Current and curated data about a structure’s age, square footage, and use are the backbone of reliable reconstruction cost estimates (RCEs).

Read the article

Article

Integration without disruption: Simpler reconstruction cost estimates

Property insurers can move to simplify quoting workflows in a digital-first strategy with fast, reliable reconstruction cost estimates.

Read the article

Do more with the Verisk ecosystem

Know commercial properties from the ground up to help provide the right coverage at the right price.

Commercial property details

Compete and grow profitably in commercial property with reliable data and advanced analytics.

Learn about ProMetrix

Commercial surveys and inspections

Use on-site and remote surveys and inspections for objective data on commercial properties and their potential loss exposure.

Learn about Commercial Property Surveys and Inspections

Property-specific loss costs

Determine adequate premium with tailored loss costs for competitive quoting.

Learn about Loss Cost Reports

Commercial roof details

Identify high-risk exposures and mitigate potential claims with critical roof details.

Learn about the Roof Underwriting Report

Replacement cost estimates for personal property

Keep homeowners better protected with replacement cost estimates built on real-world claims and multisource data.

Learn about 360Value for Personal Property

Commercial building details

Make more informed underwriting decisions with core property details and potential hazard information built on a foundation of site-verified data.

Learn about Commercial Building Reports

Contact us to learn more

We are available Monday through Friday, 7 a.m. — 8 p.m. US Eastern Time:

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Note that password resets and user information are not available through Live Chat or Email. Instead, please call the main toll-free number below.

Main toll-free:

1-800-888-4476

Global toll-free:

International Access code, then 800 48977489
When calling from the UK, please dial 00 800 4897 7489

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