Is there a need to change from EvaluRater to RCT EvaluRater?
Yes. The system architecture in EvaluRater is square foot-based or model-based. Its rules and formulas were designed to be general and non-specific, originally created for paper guides. Years ago, this method was the best. However, the EvaluRater cannot support the kinds of detail it requires to create component-based ITV valuations for insureds. RCT EvaluRater uses superior component methodology that strongly supports the industry’s ITV initiatives. RCT EvaluRater provides: Accurate component based calculations that improve ITV initiatives and protect policyholders. Automatic data entry edits to help brokers prepare accurate valuations easily. Speed of entry saves brokers valuable time. Greater building component detail to enable brokers to define each risk properly. Minimized rating subjectivity to eliminate guessing and provide more credible, defendable valuations.
