The challenge of cost accuracy
Within the restoration industry, accurately estimating the costs of damage and repairs is a key challenge. Reliable, consistent pricing unifies the industry and keeps everyone on the same page. At Verisk, we report on cost information reflected in actual market prices.
A current and local pricing database
Verisk is the industry leader in research, our pricing data represents the standard of reliability and consistency. Our team reports cost information based on actual prices and transactions (completed bids) that have occurred recently in your area.
Dependable time and materials cost
We rely on over 50,000 providers of materials, equipment, and labour. Additionally, we collect more than 290,000 survey points each year.
Analysis of damage repair estimates and surveys
We analyse more than 5 million estimates annually, collecting data from more than 13 million data points and examining over 7,300 survey points each month.
Contents pricing data
Verisk maintains the largest contents database in the industry, featuring millions of vendor-specific items, 300,000 discontinued items, and 8,000 general quote items.
How to provide pricing feedback in Xactimate
See how to provide pricing feedback, and learn how your feedback can affect local and national pricing data.
How to provide pricing feedback in Xactimate
Monthly research for labour, materials and more
Verisk updates pricelists every month for 460+ regions across the US and Canada. We compile our discoveries into a monthly report detailing changes in major categories, shifts in lumber markets, fluctuations in gasoline prices, and additional insights.
Monthly research for labour, materials and more
Our research methodology
Phase 1: Conduct market research
Each year, we meticulously analyse an array of market price points from numerous third-party sources, including thousands of daily in-field estimates submitted through Verisk.
Phase 2: Review and verify
All collected market research is organized in preparation for data integrity checks.
Phase 3: Analyse for insight and publish
We perform cluster analysis on subsets of gathered research to identify mid-range market price points using a proprietary process was designed by Brigham Young University PhDs. Market research results are then published and made available to the public.
Do more with the Verisk ecosystem
Explore our family of products designed to simplify and automate your claims workflow.
Property claims estimation
The most powerful and comprehensive solution for property claims estimating.
Contents estimating
Accelerate personal property claims estimation for contents claims adjusters and contents replacement service providers with XactContents.
Precise repair estimates faster and easier
Efficiently manage property preservation with quicker, smoother, and more accurate local repair estimates.
Bid estimation and construction software
Create precise estimations with local pricing data and streamline construction job management.
Contact us to learn more
For product information or pricing our sales team is available Monday through Friday, 8 a.m. - 4 p.m. Eastern Time.
Sales:
1-800-931-9228 ext. 3
For service or support:
Phone support is open 8 a.m. to 4 p.m. Eastern Time, Monday – Friday.
Sales:
1-800-931-9228 ext. 2
