Projected release date: August 2020
Replacement cost estimation is a key component of most carriers’ underwriting process, particularly for habitational risks, such as homeowners and dwelling fire. It is used to determine how much Dwelling Coverage (typically Coverage A) is required to replace the structure in the event of a total loss. e2Value provides web-based property valuation services.
BriteCore has three options for integrating with e2Value:
- Agents and administrators are redirected to e2Value’s website.
- Modal PopUp: Administrators use a dialog box to enter data and retrieve the replacement cost.
- Transparent Inline: Agents input the coverage data and receive the replacement cost during the new business quote flow.
You will need to select one of the integration options because they don’t work simultaneously.
Only administrators can access the Modal PopUp option.
- In the Builder section of a policy, select the e2Value button to open the e2Value dialog box.
- Complete e2Value’s questions.
- Select Submit.
Once the valuation is completed, the dialog box will display the property valuation.
Note: The Modal PopUp option won’t pull data from the Builder section of the policy, so you will need to re-enter data. The Modal PopUp also doesn’t automatically add the property valuation to the policy. It only displays the property valuation in the dialog box.
e2ValueXML Transparent Inline integration is available through BriteCore’s policy wizard. As the agent completes the quote, this information will be shared with e2Value, so e2Value will provide a replacement cost by the time the agent needs to enter Coverage A during the quote. The replacement cost will also be added to the Property section of the policy.
Note: e2ValueXML Transparent Inline only works for Coverage A.