360Value^® ITV Underwriting

360Value is the fastest growing replacement cost estimation solution available. It is used in underwriting by four of the top 10 U.S. insurers and five of the top 10 U.S. homeowners insurers. Agents all over the country use 360Value to calculate more than 600,000 replacement cost estimates per month.

Web-Based Replacement Cost Estimator

At the heart of 360Value is a web-based replacement cost estimation system that can be integrated into virtually any underwriting environment. This single application can be used for all replacement cost estimates. There is no need to change systems for high-value residential, commercial, and agricultural structures.

360Value produces highly reliable replacement cost estimates based on:

• A true component-based methodology that accounts for all labor and material costs down to the screws and nails
• The industry’s most detailed and reliable building cost information
• A proven cost-modeling methodology that generates reliable estimates with minimal information
• Localization of results down to the five-digit ZIP Code level

360Value also provides extensive options to help users calculate highly refined replacement cost estimates, including:

• The ability to incorporate extensive details of the property
• Visible system assumptions to let users see the property information 360Value assumes when actual information is unknown
• Options to select quality grade of the entire property or specific parts of the properties, such as kitchens or bathrooms

Extensive Implementation Options

After reliable replacement cost estimates, 360Value’s most important attribute is its ability to delivery replacement cost estimates in an easy-to-use, easy-to-access application that fits into any underwriting workflow.

Designed for Ease of Use

360Value was designed to meet the demands of the modern insurance agent. Estimating reliable replacement costs is quick and easy. It requires virtually no training and lets anyone with a basic understanding of the web and web navigation quickly master 360Value.

If questions do arise, 360Value includes immediate access to context-sensitive help that includes diagrams of use-types, detailed building feature descriptions, explanations of quality grades, and more.

More than Just a Replacement Cost Estimator

360Value offers unique capabilities to help insurers enhance underwriting decisions.

• Collaboration — 360value offers an innovative process that lets property owners review, confirm, and, in some cases, modify property data used for replacement cost estimation via the Internet.
• Catastrophe Risk Management — 360Value includes a built-in connection to AIR models to assess probabilistic catastrophe risk for individual properties during underwriting.
• Location-Specific Underwriting Information — 360Value gives insurers the ability to seamlessly access key underwriting data from ISO, including PPC, Fireline, crime reports, and other location-specific underwriting data.
• Address Standardization and Geocoding — Each property address is standardized and geocoded upon entry into 360Value to ensure proper cost localization for replacement cost estimates, property prefill address matching, and catastrophe modeling precision.

Integrated for Inspections

360Value is fully integrated into the vast majority of residential inspection vendor platforms, enabling inspector generated replacement costs to be instantly available and stored in the client 360Value database. Furthermore, inspection-generated estimates are included under a typical client license fee.