Estimates of Replacement and Repair Costs
ISO offers a broad range of products and services designed to help insurers, agents, contractors, and others estimate the cost of replacing or repairing buildings and their contents. ISO's specialized product mix includes:
- underwriting and insurance-to-value products
- claims products
- management and workflow products
Xactware® — estimating software for building and repair
ISO's sister company Xactware provides computer software for professionals involved in estimating all phases of building and repair.
In 1986, Xactware opened for business with its flagship estimating system, Xactimate®. Xactimate helps contractors and insurance adjusters estimate the cost of repairs and reconstruction faster and more accurately than ever before.
Since then, Xactimate has evolved into a high-powered package complete with a patented plan-sketching program. Eighty percent of insurance repair contractors and 15 of the top 20 property insurers use Xactimate to determine the cost of repairs.
Today Xactware offers a wide variety of software and systems for estimating and management.
360Value provides reliable replacement-cost estimates — an essential component in all underwriting decisions for residential, commercial, and farm policies. These reliable replacement-cost estimates help property insurers improve their loss ratios, streamline underwriting workflows, and enhance agent and customer satisfaction. 360Value offers a comprehensive set of features, including: calculation using the actual components; minimal required fields for valuation; single user interface for all valuations; in-force policy portfolio analysis; anytime, anywhere access; and hands-free maintenance.
SPI Plus® Estimated Replacement Cost Report
For commercial properties, ISO's Estimated Replacement Cost Report gives you a quick, low-cost estimate of the replacement value of any building in the Specific Property Information (SPI Plus®) database. The report will improve your ability to charge premiums appropriate to your risk and help you protect your customers with adequate policy limits.