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 ISO's Marshall & Swift/Boeckh Building Valuation System (MSB BVS) Estimated Replacement Cost Report — available through the SPI Plus® system — gives you a quick, low-cost estimate of the replacement value of any commercial property in ISO's property information database. The report will improve your ability to charge premiums appropriate to your risk and help you protect your customers with adequate policy limits.
At the touch of a button, you get up-to-date replacement costs for your property — along with a detailed breakdown of costs for the building's components. Information is available for the 3 million properties in the database — including some of the country's largest and most complex buildings.
If you need the actual field-verified replacement cost, you can request an on-site survey at any time.
The value of estimated replacement costs
According to industry studies, 75 percent of commercial buildings are insured for substantially less than their true value. The MSB BVS Estimated Replacement Cost Report from SPI Plus will give you the information you need to:
- generate additional premium income by determining accurate property values
- save money by reducing your need for site inspections
- price your risk and set appropriate premiums
- avoid misunderstandings with your customers
- help customers determine adequate coverage
- streamline your workflow and improve productivity
Here's how it works
Each year, ISO's field representatives collect data on hundreds of thousands of commercial buildings. We look at the construction details and special features of each building, and we store that information in ISO's property information database.
When you order a MSB BVS Estimated Replacement Cost Report, the SPI Plus system communicates with MSB's building-cost databases to match our structural data with their unit-cost data.
ISO can review a single policy or an entire portfolio of properties and compare policy values with the estimated replacement costs of the buildings.
Follow the link for a sample MSB BVS Estimated Replacement Cost Report.
For more information . . .
. . . about ISO's MSB BVS Estimated Replacement Cost Report — or to get in touch with a sales representative — contact ISO. You can also call us at 1-800-888-4476. |
