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New Academy Conversions – the Valuation Requirements

Both before and after conversion valuations of buildings and school contents are required. This short paper fills in the knowledge gaps which may exist.   The Important Questions: Why are valuations required? What sort of valuations do we need? What will the valuations cost? Who can provide the valuations? What is the process and how… Read more »

AcademyEducationSchools

Assessments for Insurance Purposes

The assessment or valuation of buildings and plant and machinery for insurance purposes is an area of valuation that is not regarded with sufficient importance.  To be able to deal with the subject competently a valuation surveyor needs to have, inter alia, a good knowledge of the asset to be valued and the basis upon… Read more »

Assessments for Insurance Purposes

Thornburn – a short history

Manchester valuation specialist Thornburn & Company has recently celebrated its 60th anniversary. Since 1955, when the firm of chartered valuation surveyors was first established by Stanley Thornburn, it has successfully developed into a modern niche practice, offering valuations of industrial and commercial assets for insurance and financial accounting purposes.   Stanley Thornburn was the talented… Read more »

Company NewsThornburn & Co.

Post-Loss Valuation – Insurers, Loss Adjusters and Insurance Brokers

Our experience shows that insurers and loss adjusters may require input from expert valuation surveyors who have the knowledge and skills to assist and illuminate important aspects of the claims process. For many years we have provided valuations for most major insurers, leading loss adjusters and insurance brokers and are familiar with the approach to… Read more »

Assessments for Insurance PurposesBuildings ValuationPlant and Machinery ValuationValuations for Insurance

Valuations – the Education Sector

Academy Conversions – Valuation Requirements The process of conversion from school to academy includes the new academy taking responsibility for its own financial accounts and insurance from the local authority. Part of this process requires the academy to provide values for buildings and contents, both for insurance and accounting purposes. Following the move from local… Read more »

AcademyAssessments for Insurance PurposesBuildings ValuationEducationInsuranceSchoolsValuations for Insurance

Rebuilding Costs and Ground Contamination

Rebuilding following fire loss – planning permissions, associated surveys and ground contamination   In conjunction with our planning consultants we considered the implications of serious damage to an industrial building by fire and the requirements of the current planning regime.   Planning Applications The insured’s representatives will be required to submit a full application for… Read more »

Assessments for Insurance PurposesBuildings ValuationCommercial BuildingsInsurancePlant and Machinery ValuationReal EstateValuations for Insurance

Commercial Buildings – Reinstatement Cost or Indemnity Value?

For many years there has been confusion as to what the basis of payment should be to compensate the owner of a property whose premises have been destroyed by fire and who has decided not to rebuild. If reinstatement were not to take place, the loss would be settled on the basis of indemnity but… Read more »

Assessments for Insurance PurposesBuildings ValuationCommercial BuildingsInsurancePlant and Machinery ValuationReal Estate