Valuation

Last updated: July 1, 2026

This Attribute Glossary article provides definitions of attributes tied to a property's valuation.

Archipelago does not provide the values for all of these attributes, but rather can ingest them from your uploaded SOV or pull them from submitted documents (PCA, LE reports, etc). Some of these attributes are hidden unless provided to reduce the amount of blank columns on your SOV. If you want an attribute to be made visible or if you would like to add a custom attribute to your SOV, please reach out to support@onarchipelago.com

Attribute	Definition
Total Insured Value (TIV)	The maximum insurance coverage if an insured asset is completely destroyed. It represents the combined, total replacement cost of buildings, contents, equipment, and business income.
Replacement Cost Value	The amount it would cost to repair or replace a damaged, destroyed, or stolen asset with a brand-new equivalent of similar kind and quality at current market prices. It does not deduct for depreciation.
Building Value	The building replacement cost, which includes building value, improvements and betterments, and any miscellaneous building replacement costs.
Improvements / Betterments	Total replacement value of the main buildings or structures at the location.
Misc. Building Replacement Cost	Building replacement costs not included in building value or improvements and betterments.
Replacement Cost per Floor Area Unit	The replacement cost divided by floor area (RC in USD; Floor Area in Square Feet).
Contents Replacement Cost	Assigns a value to the contents of a property such as inventory, furnishings, and equipment.
Inventory	Refers to the physical goods, merchandise, and materials a business holds.
Machinery / Equipment	Assigns a value to the machinery and equipment in the building.
Electronic Data Processing Equipment	Total replacement value of electronic data processing equipment in the building.
Fine Art / Jewelry	Indicates the presence and value of fine art and/or jewelry on the property.
All Other Contents	A value not included in the other content replacement cost categories.
Misc. Contents Replacement Cost	Includes all items not included in the other replacement cost categories.
Business Interruption Cost	The financial losses and extra expenses a business incurs when forced to temporarily suspend operations due to a covered disaster, such as a fire, severe weather, or vandalism.
Business Income	The total earnings generated by a company through its regular operations, minus business expenses, costs of goods sold, and taxes.
Ordinary Payroll	Refers to the wages, salaries, and benefits of a company's general, non-essential employees.
Annual Base Rent	The foundational, fixed amount a tenant pays a landlord for the right to occupy a property over a 12-month period.
Annual Estimated Rent	The projected total amount of lease payments expected to be collected from a property over a 12-month period.
Annual Gross Profit	The total revenue a business earns in a 12-month period, minus the direct costs required to produce or provide those goods and services.
Annual Loss of Revenue	The decline in a company's total sales over a 12-month period.
Annual Service Charge	A yearly, recurring fee collected to cover the costs of managing, maintaining, and repairing shared facilities or services.
Extra Expense	Extra or supplementary costs incurred beyond a base price, budget, or standard baseline.
Misc. Business Interruption Value	Miscellaneous financial losses and extra expenses a business incurs when forced to temporarily suspend operations due to a covered disaster.
Receipts – Alcohol	The annual receipts or revenue generated from alcohol for hospitality/restaurant operations at the property, measured in currency.
Receipts – Food	The annual receipts or revenue generated from food for hospitality/restaurant operations at the property, measured in currency.
Receipts – Miscellaneous	The annual receipts or revenue generated from miscellaneous sources at the property, measured in currency.
Receipts – Room	The annual receipts or revenue generated from room occupancy for hospitality/restaurant operations, measured in currency.
Exchange Rate	The rate used to convert valuations (such as Total Insured Value) from a property's valuation currency to the display currency configured for the organization.
Exchange Rate Date	The date on which the exchange rate attribute was quoted from a given data source.
Last Valuation Date	The date that the property valuation was last updated.
Rent and Service Indemnity Period	The length of time the insurance company is obligated to make payments to cover losses insured under the policy (e.g., 12, 24, or 36 months).
Replacement Cost Methodology	The methodology used by clients to calculate the replacement cost of the building.
Valuation Currency	The platform supports only USD values for this attribute.