Comparison of Estated vs MSB Data
In the insurance industry, having accurate property data is essential for effective underwriting, risk assessment, and policy pricing. Estated and Marshall & Swift/Boeckh (MSB) are two prominent sources for such data.
This article provides a comprehensive comparison between the data retrieved through both Estated & MSB.
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[Estated Data]
Source:
- Public records (tax assessor files, county records, real estate listings)
Scope:
- Residential properties across the U.S.
Data Types:
- Property characteristics (square footage, bedrooms, bathrooms, lot size, year built)
- Ownership details (owner name, purchase price, sale date)
- Property valuation (estimated market value, assessed value)
Usage:
- Underwriting, marketing, risk assessment, property profiles, validating policyholder information
Strengths:
- Broad coverage and comprehensive data from multiple sources
- Regular updates ensure data accuracy
- Easy API integration for seamless use
- Cost-effective, providing great value for general property data needs
Limitations:
- Data accuracy depends on the quality of public records
- May lack some detailed property features and building materials
[MSB Data]
Source:
- Specialized property valuation data, focusing on building costs
Scope:
- Residential and commercial properties
Data Types:
- Detailed construction costs (materials, labor, equipment)
- Property characteristics (building features, quality, materials)
- Depreciation and replacement cost values
Usage:
- Property valuation, insurance underwriting, determining accurate replacement costs
Strengths:
- Highly detailed construction and replacement cost data
- Regarded as an industry standard for property valuation
- Regular updates reflecting market trends
Limitations:
- More expensive compared to other data sources
- Complex integration requiring specialized tools
Key Differences
Data Focus:
- Estated ~ Broad property data from public records and market values
- MSB ~ Detailed construction and replacement cost data
Use Cases:
- Estated ~ Ideal for general underwriting, marketing, and validating information
MSB ~ Crucial for accurate replacement costs and detailed property valuation
Cost and Integration:
- Estated ~ Cost-effective and easy to integrate
- MSB ~ Higher cost with more complex integration
While MSB offers detailed and accurate valuation data, Estated stands out as a broad, cost-effective solution for property data needs, providing comprehensive and regularly updated information ideal for a wide range of insurance applications.