PRECISE

Our Valuation Methods

The Rapid Survey Group utilizes the Castle Data Service (CDS) replacement cost engine for trained professionals. This is a square footage method where replacement cost is calculated based upon the average cost per square foot of the home. Unlike most inspection companies, the Rapid Survey Group relies upon its field representatives to determine the replacement cost of each home they survey rather than a proofreader or processor in a central office. This approach makes much more sense as the field representative has been to the home, whereas an administrative person has only a few photos to work with. All of the Rapid Survey Group field representatives must first pass CDS' instructional training course before they are sent into the field to calculate a replacement cost.

The professionals at Castle Data Services have done extensive research on the material and labor costs to rebuild a home after an insurance loss. This research includes in-depth analysis of all of the different building components such as foundation, framing, floor covering, roof costs, contractor profit margins, etc. We instruct all of our Rapid Survey Group field representatives on how to identify the type of building materials that they encounter, as well as how to assess the quality of those materials and the techniques involved in putting the home together.

CDS has the most accurate replacement cost calculators in the industry, with each home realistically adjusted by CDS' location multipliers to accurately reflect local market conditions. For more information on Castle Data Services' sources and methods, please visit our website at: www.castledataservices.com.