Insurance valuation entails evaluating a property to determine the cost of replacement if an insurable event occurs, such as a break-in or a fire. The team at Asset Economics will ensure that your property is valued for the appropriate amount in case of a disaster, so that you are entitled to the full amount of insurance to cover the cost to replace, and not just the construction cost of replacement. Our specialists will cover all aspects of your replacement, including demolition, construction costs, debris removal, application fees, and more.
What is Insurance Valuation?
As a property owner, it’s important that you understand the full value of your property and assets. Asset Economics has years of experience with insurance valuation, and we’ll help you achieve peace of mind when it comes to your property.
Our team members are fully qualified specialists, and with their expertise can help you to avoid the risk of under-insurance, over-insurance, and triggering of a co-insurance clause in the event of an insurable disaster.
How can Asset Economics Help?
Sadly, it’s all too common that businesses need to file a quick insurance claim only to find that they have no solid basis for their insurance values. This can be devastating for businesses who have already suffered from the effects of a fire or flood, and desperately need the funds to get back on their feet. Without a solid basis for their insurance, it can take months or even years to investigate the property and issue settlements. The insurer may even refuse to pay a claim if the property is deemed under-insured, even if the owner had no idea. It’s therefore crucial that your business is insured correctly, to avoid any potential risks which could be devastating to your business.
It’s not uncommon for self-assessments to result in under-insurance, which is why it’s always best to consult a fully qualified professional to handle your insurance valuation. The team at Asset Economics has years of experience in insurance valuation, and will ensure that nothing is missed when it comes to the safety and security of your property. Our team will help you to develop an up-to-date register so that you can quickly respond to disasters and keep your business running smoothly and effectively. Properly insuring your business and properties will help you to avoid paying premiums on over-insurance, speed up the processing of your claims, and help you get back to business as soon as possible in the event of a disaster.