Commercial Replacement Cost Estimates

Unlike other commercial replacement cost estimators, 360Value provides component-based replacement cost estimates. The true component-based methodology accounts for all labor and material costs needed to rebuild the structure. Like all 360Value estimates, the underlying labor and material costs are based, in part, on actual claims experience, bringing estimates at underwriting more in line with actual claims losses.

Detailed Components

In addition to labor and materials costs associated with general reconstruction, 360Value accounts for an extensive array of use-specific components such as gas pumps for service stations and walk-in freezers for food service buildings. Additionally, cost information for overhead, temporary construction offices, power charges, architect fees, profits, permits, and other expenses incurred during commercial reconstruction are added when appropriate.

Replacement Values for the Most Common Building Uses

360Value supports the ability to estimate replacement costs for all of the most common commercial buildings. In fact, use-types were selected based on insurer requests for commercial property inspections by ISO’s Risk Decision Services unit, which inspects more than 370,000 commercial buildings a year.

For multi-use buildings, individual use-types can be combined to estimate replacement costs for a wide array of unique commercial structures.