Statements of values,ready for the carrier.
Collect every building's address, construction class, year built and insured values from your client in one consistent schedule, with ZIP codes, years and values checked as they're entered.
Statement of Values
Try the template with up to 3 rows
What You'll Collect
Location & building
NumberLocation and building numbers, kept the same at every renewal.
Address
StringStreet, city, state and a ZIP code kept as text, so leading zeros stay.
Occupancy
StringWhat each building is used for: office, warehouse, retail, restaurant.
Construction type
EnumOne of ISO's six construction classes, chosen from a list.
Year built, stories & area
NumberYear as four digits, stories and square feet as whole numbers.
Insured values
NumberBuilding, contents and business income values as plain numbers, with a sprinkler checkbox.
Need more than three rows?
Collect every location at renewal.
The free template is limited to three rows so you can try the workflow. Create your own form to collect a client's full schedule, or one form per client you can send at every renewal.
Create your own formCarrier-ready columns
The details carriers ask for on every SOV, in one consistent layout.
Checked as they type
Values with $ or M, decades for years and freehand construction types are flagged.
Your own fields
Add roof year, alarms, flood zone or anything your markets ask for.
Up to 1,000 rows
Room for a portfolio, a franchise group or a property manager's whole book.
How it works
From a client's spreadsheet to a submission in three steps.
01
Collect
Send the form to the client, or import last year's schedule for them to update.
02
Complete
One building per row. Missing values, odd years and freehand construction types are highlighted.
03
Download and submit
Download the CSV and add it to the submission, or paste it into the carrier's own SOV sheet.
Why use a form?
Underwriters send back what they can't rate.
A statement of values comes back with a building value of "1.2M", a year built of "1990s", "brick" as the construction type and a ZIP code missing its leading zero. Each one is a question back to the client before the account can be quoted.
A form asks for each detail in the form underwriters rate on, and flags anything else while the client is still filling it in.
Values written as text
1.2M, $1,250,000 or approx 500k: values are plain numbers, so a carrier's sheet adds them up.
Construction typed freehand
Chosen from ISO's six classes, so brick becomes Joisted Masonry or Masonry Non-Combustible, not a guess.
Years as decades
Year built takes four digits between 1800 and next year, so 1990s or c. 1985 is flagged.
Statement of values template
What goes in a statement of values
A statement of values (SOV) is the schedule of every building a commercial property policy covers, with the values to insure it for. Carriers rate the account from it, so brokers ask for it with every new submission and again at each renewal. Each row is one building, numbered by location and by building within the location, with its full address.
Underwriters rate property on four things above all: what the building is used for (occupancy), how it's built (construction), how it's protected (sprinklers and alarms) and where it is (the address and ZIP code). Construction is described with ISO's six classes: Frame, Joisted Masonry, Non-Combustible, Masonry Non-Combustible, Modified Fire Resistive and Fire Resistive, from most to least combustible.
Values are usually replacement cost: what it would cost to rebuild the building and replace its contents today, not what was paid for them. Building value, business personal property (contents) and business income are listed separately, and their total is the location's total insured value. Write them as plain numbers so the carrier's spreadsheet can add them up.
Keep location and building numbers the same from year to year, so the carrier can match each building to last year's, and update year built, roof and protection details as they change. A schedule with one building per row, in the same columns every renewal, saves a round of questions on every account.
How-To Guides
Related Templates
Insuring the client's vehicles too? Use the commercial auto vehicle schedule template, read statement of values and vehicle schedule errors for what underwriters send back, or see Import Builder for insurance.
Need a CSV form of your own?
Create a custom Import Builder form with your own fields, validation and row limits.
Get started