User Guide template - 360Value

Developed with Xactware Data and Technology April 2015 Best Practices Best Practices 1 Contents Introduction .. 2 Training .. 2 Real Time Training .. 2 Market Value vs. Replacement Cost Value .. 2 Accurate Property Information .. 3 Required Questions .. 3 Explicit Answer Shading .. 3 Quality Wizard .. 3 Property Prefill / Original Prefill Column .. 3 iScore Input Score .. 4 Quality Grade .. 4 Quality Wizard .. 4 Homeowner Involvement .. 4 Renewals .. 5 Introduction Best Practices 2 Introduction The 360 Value team has identified key best practices for effective and efficient use of 360 Value valuation products. Adhering to these simple best practices helps produce optimum replacement cost value results. These best practices include, but are not limited to: user training, accurate property characteristics, proper quality selection (if shown), homeowner involvement, understanding market value versus replacement cost, and recalculation of valuations at renewal.

Renewals Best Practices 5 Renewals The 360Value team recommends recalculation of valuations at renewal. This ensures each valuation is properly re-priced at the component level and is more specific than traditional price index methods.

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