Insurance valuations are needed to provide an accurate assessment of the value for insurance purposes of a company’s plant and machinery.
Value is assessed first by physical inspection and then through extensive research. A detailed schedule of individual assets is provided to include all items having a value above an amount specified by the client, with all other assets being listed but included for valuation purposes within an “all other contents” grouping.
In the event of any loss this enables companies to quickly and efficiently identify any damaged or destroyed assets and to quantify a recovery claim.