Indemnity and reinstatement cost asset valuations for insurance
Be confident that capital assets are insured at the right level
Ensure that capital assets including:
- Utilities and building services
- Plant and equipment
Are adequately and correctly valued for insurance.
Obtain the advice you need to understand the differences and implications of cover for:
Avoid the pitfall of under insured or over insured assets
In the event of a loss, know that claims may be subject to an ‘average clause’ meaning the full reinstatement cost may not be recovered.
In addition, know that you can avoid inflated premiums impacting operating costs, resulting from over insured assets.
Reflect value and risk
Asset valuations for insurance requires specialist skills to:
- Reflect relevant clauses within your insurance policy and only include the assets where you have an insurable risk
- Include or exclude, as appropriate, landlord and tenant building fixtures, rented assets and assets located at third party premises
- Provide valuation figures summarised globally, by location or by building
- Disaggregate total values by a minimum value threshold or asset type
Elsewhere consideration will be given to additional reinstatement costs and fees.
Your quality guarantee
Understanding capital asset valuation issues and in particular asset valuations for insurance requires insight, expertise and experience.
Hickman Shearer is a RICS regulated firm employing high calibre experienced RICS qualified professionals, each of whom has a successful track record of providing asset owners and their advisors with:
- Robust and relevant asset valuations
- Supporting detailed market analysis
Technical guidance and impartial, authoritative advice
The standards Hickman Shearer’s team works to are both demanded and recognised around the world, ensuring a trusted universal approach and a set of consistent skills globally.
Hickman Shearer has successfully provided asset valuations for insurance to all main insurance brokers and insurance companies including:
AGC, Akzo Nobel, Al Jaber, Brabantia, Cargill, Cherwell Laboratories, Chiron, Dr. Martens, Drytec, Fountain Television, Frans Maas, Fuji Chemicals, GDF Suez Unimar, GlaxoSmithKline, ICS Europaks, InterContinental Hotels, LG Chem, Ling Systems, Magnet, Manuli Hydraulics, Organon, Otis, Pfizer, Plaza Hotels, Rigid, Sara Lee, Styropack, Synbra Group, Total Group, VPK, Wandsworth Group, Whatman
These engagements were performed by the Directors of Hickman Shearer in either their current or previous employment