What Types of Valuation Software Do You Use?

[JDT]

I am in CA and write mostly personal lines. In the quoting systems for the carriers they have a rebuild cost valuation system that will calculate the amount of insurance. I have a couple of commercial / multi-family clients to quote and am wondering how to get the value since I have not done this line before and have to submit to an MGA.

My client management and rater cannot handle these types of risks.

Any thoughts?

Thank you.

 

[insurance1822]

Some of your carriers RCE's may allow you to update the # of family units to get rebuild costs on multi-unit residential properties. You could estimate $125-$150/sq ft for commercial construction to get apps sent in & then the carrier may come back w/ their own number if yours seems off.

I'm in the same boat so that's what I do. I estimate to get a quote & make sure it's close to what they carry & then ask the carrier to run their own before issuing to make sure you're within the coinsurance.