e2Value ProntoLite Residential Replacement Cost Estimator (Policy)

Overview

The e2Value ProntoLite Residential integration with Duck Creek Policy allows insurers to make smarter and more efficient underwriting decisions by providing insurers with standardized and consistent residential building data along with accurate replacement cost values for Insurance-to-Value. This property data can mitigate financial risk for insurers by lessening any discrepancy between estimated and actual replacement costs for structures and aligns the premium more closely with the risk, contributing to a carrier’s bottom line. Accurate replacement costs can also lead to better relationships between clients and their carrier and agent.

This building replacement cost estimator can be used for the homeowners line of business in the United States. ProntoLite accurately values residences ranging from cottages on a lake to suburban homes to the world’s most luxurious and famous homes. e2Value’s replacement cost numbers have been within a few percentage points of actual claims replacement cost values as reported by e2Value’s clients. e2Value’s valuations account for factors such as local variations in wages and materials costs in the construction industry down to the 5-digit zip code area.

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