MS/B Debuts Valuation Tool For Luxury Homes

NU Online News Service, Feb. 4, 11:34 a.m.EDT?Marshall & Swift/Boeckh (MS/B), a provider ofbuilding cost data, technology and services to the propertyinsurance market, has introduced its new RCT High Value estimatingtool.[@@]

According to Los Angeles-based MS/B, RCT High Value "includesthousands of high value material selections and building methods,offering the power and flexibility to generate accurate, localizedevaluations for all high-worth homes of all ages across the UnitedStates and Canada."

Peter M. Wells, executive vice president of MS/B, said thehigh-value home segment "is increasing dramatically? These specialhomes present significant risks to a profitable book of homeownersbusiness if they are not valued properly."

The new product, he added, "has the data and technology neededto appropriately address the architectural design challenges,luxurious materials, and the wage rates of the master craftsmenrequired by high-value homes."

RCT High Value can evaluate residences with up to nine wings,and provides scalable superstructure subcalculations and acomprehensive list of attached and detached structures, the companysaid.

The company declined to provide pricing information.