Commercial Replacement Cost Estimates
Reliable replacement cost estimates require a detailed assessment of the actual labor and material components used to rebuild the structure.
The 360Value team refers to this as true component-based estimation, and it is the basis for all 360Value-generated replacement cost estimates.
This concept seems straightforward, but true component-based estimates take on an added level of complexity when agents and underwriters valuate commercial structures.
360Value includes more than 130 individual building use types that can be combined to valuate multiple-use type buildings, enabling the analysis of hundreds of use type combinations. To build reliable replacement cost estimates for these complex structures, the 360Value team has developed an extensive database of commercial building cost components and a complex set of analytics.
While the underlying replacement cost estimation process is complex, calculating commercial replacement cost estimates in 360Value is simple. Even insurance and construction novices can use this convenient and highly intuitive interface to calculate detailed commercial replacement cost estimates in no time.
Reliable replacement cost estimates require a detailed assessment of the actual labor and material components used to rebuild the structure.
The 360Value team refers to this as true component-based estimation, and it is the basis for all 360Value-generated replacement cost estimates.
This concept seems straightforward, but true component-based estimates take on an added level of complexity when agents and underwriters valuate commercial structures.
360Value includes more than 130 individual building use types that can be combined to valuate multiple-use type buildings, enabling the analysis of hundreds of use type combinations. To build reliable replacement cost estimates for these complex structures, the 360Value team has developed an extensive database of commercial building cost components and a complex set of analytics.
While the underlying replacement cost estimation process is complex, calculating commercial replacement cost estimates in 360Value is simple. Even insurance and construction novices can use this convenient and highly intuitive interface to calculate detailed commercial replacement cost estimates in no time.
