Insurance Valuation Services
Having appropriate cover is vital for our clients. We determine accurate asset values to enable our clients to obtain appropriate insurance cover to protect against a loss without suffering the extra costs associated with being overinsured. We also work increasingly with brokers and underwriters who require independent property valuations to support insurance placement, claims management and loss control. Our services include:
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Current replacement costs
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Proper property classification
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Annually updated property values
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Proof-of-loss support
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Insurable Values for Insurance Placement Inventories for Proof-of-Loss Assistance
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Agreed amount values
American Appraisal provides appraisals and analysis for every aspect of the insurance process. When we performed our first valuation for insurance purposes, the only issue was claims settlement. As insurance pooling has grown both more common and more complex, the need for appraisals and financial analysis has grown more sophisticated. We have over a century of experience in appraising all major industries for insurance purposes providing a cost-effective service that delivers information and documentation appropriate to the client, the broker and the underwriter.
We work closely with a number of large insurance brokers to ensure that insurance underwriters are provided with all of the critical information. Our reports are produced in an efficient and economical manner for renewal, exposure analysis and summaries for layered coverage and other needs.
American Appraisal has also developed PropertyViewer™ for clients with multiple locations. Formatted with a proprietary software program, this product incorporates building photographs, site maps, floor plans, and detailed contents information (if requested) into a CD-ROM that enables the client to view and sort property information with ease.