Estimated Replacement Cost
Kroll Factual Data’s Estimated Replacement Cost service helps to reduce your loan risk by verifying that your customers’ properties are adequately insured against loss.
How Our Estimated Replacement Cost Service Works
Our Estimated Replacement Cost report is a structure replacement cost calculation utilized to properly valuate the replacement cost of a residential structure in the case of a total loss. Our unique partnership with first-rate data sources includes over 40 years of claims data and 65 million tax and appraisal records. This data, combined with our excellent technology resources, enables us to provide you accurate, detailed information in an easy-to-read report that is returned in seconds.
Why Our Estimated Replacement Cost Service?
- Accurate Estimates
Data is provided at a neighborhood level as opposed to zip code level, further refining costs as they pertain to a particular neighborhood.
- Updated Information
Unlike most data sources that are updated quarterly, our data sources are updated immediately, ensuring you have the most current information.
- Meet FNMA Funding Requirements
Our report provides accurate replacement cost information needed for securing required insurance coverage.
- Amendable Data for Accuracy
After receiving initial data, you can change up to 9 fields to increase report accuracy.
- Find Information Fast
Our report format is easy to read with clearly defined sections, helping you to quickly determine if coverage levels are sufficient.
- Range Report Available
At no additional charge, you can request a range report, providing range data for cost of structure replacement, debris removal, current insured-to-value level, cost per square foot and more.
