Building Valuations
To help business owners insure to value, EMC risk improvement specialists use BVS-Commercial, a software program developed by Marshall & Swift/Boeckh that provides accurate reconstruction costs.
Unlike traditional replacement cost values, reconstruction costs represent the cost at current prices to rebuild a damaged or destroyed building using like kind and quality of materials, construction standards, design and workmanship. Although reconstruction costs tend to be greater than new construction, they are a much better representation of insurance value.
According to Bryon Snethen, EMC engineering services manager, BVS-Commercial offers several advantages:
- More accurate reconstruction costs incorporating all local wage and material costs and hundreds of building types and occupancies
- The credibility of Marshall & Swift/Boeckh, the country’s premier provider of insurance building cost information and estimating systems
- BVS-Commercial reports not only have more details, but they are easy to read and understand
Count on EMC to help your insurance keep pace with rising construction costs.
