Insurance Valuation
Our machine valuation experts provide fast and accurate valuation services for your property and business assets for insurance purposes.
It is crucial for businesses to pay attention to the potential detrimental impact of outdated valuations or undervalued assets when facing an insurance claim. The task of maintaining accurate valuations can be daunting and often postponed with the mindset of “another day,” but often that day never comes, and when claim payments are made, they are significantly mismatched with the actual values, resulting in substantial losses for businesses.
Do I Need an Insurance Valuation? Asset valuations are comprehensively projected by our experts from start to finish, ensuring that you have peace of mind knowing that your insurance provider has up-to-date, solid, and accurate valuation reports that stand up to scrutiny.
Importance of Insurance Valuations Insurance valuations for buildings, machinery, and other types of commercial assets owned by your business are especially recommended by insurers in the following situations:
- When existing valuations are several years out of date.
- In places where there is a significant dependency on foreign machinery.
- In cases where assets and machinery are old.
- When a business is undergoing significant restructuring, investment, or downsizing.
A current valuation ensures that the level of insurance coverage is adequate and is often required as part of the condition assessment process when renewing policies. Our experts can also prevent the application of average valuations on assets in cases of damage, which could result in underpayment of claims. Accurate valuations typically allow for a simple and quick negotiation process with experts, which in turn speeds up the resolution of a compensation claim.
With a team of valuation experts for both real estate and machinery and facilities across the country, we can meet all your insurance valuation needs.
