This integration retrieves commercial property replacement cost estimates from 360Value® when building and location information is provided throughout the life of the policy to maintain insurance-to-value (ITV). 360Value® provides dependable, claims-driven, component-based estimates that account for virtually all material and labor required to rebuild.
- Don’t have to build RCEs from scratch, spend time confirming information no collecting it.
- Estimates based on highly localized, detailed, and reliable building cost information.
- Replacement cost estimates based on current claims data used by more than 80% of the industry.
This direct integration with Verisk provides out the box workflow to provide the ability to provide commercial property replacement cost estimates within Duck Creek Policy during the new business workflow. A configurable button is provided with this integration to retrieve and populate the replacement cost for an entered location. Utilizing this integration helps improves overall data quality analyze and evaluate commercial property policies.
This integration is only available with Duck Creek Policy OnDemand.