Millennium Information Services, Inc., the insurance industry’s premier provider of property inspection services, has fully integrated 360Value with Millennium’s Automated Property System (MAPS) platform to provide replacement cost estimates. 360Value is a web-based replacement cost estimation system developed by ISO subsidiaries Xactware and AIR Worldwide.

One item to look up is what the insurance company will pay to cover your loss. In most policies, this is known as the replacement cost. It's what it would cost to build a similar house on your lot. The replacement value doesn't include the value of the land. It's strictly based on the cost of materials and labor to build the house, based on the local market.

The cost to rebuild a damaged home went up approximately 3.95 percent nationwide last year even as real estate prices were declining, according to a study by a technology firm.

According to a new study by Xactware, a Utah company that keeps up with housing and repair costs, to rebuild a damaged home went up 3.95 percent nationwide...

360Value is one of a set of powerful tools and processes that can be used for complete underwriting, claims, and policyholder collaboration.

If you’re in the market for homeowner’s insurance premiums, it’s wise to have a good understanding of the replacement cost for your home. One sure way to pay more than you should for homeowners insurance is to over value the replacement cost of your home.

Solution developed by ISO subsidiaries Xactware and AIR Worldwide utilizes building-cost data available in widely used Xactware system.