Valuations for insurance purposes
It's vital to know exactly what your assets would cost to replace to ensure you have appropriate insurance in place. If you're under-insured, you won't be able to recoup the true value of your property or machinery.
During the last few years, insurance companies and insurance brokers have actively sourced valuations or employed specialist valuation surveyors like Thornburn to check sums insured or declared values when faced with a major loss.
It's in everyone's interests to have an accurate valuation, and we work with insurers, insurance brokers and clients seeking insurance to offer peace of mind and ensure maximum protection.
Our Approach
Our expert valuers are skilled in preparing all forms of pre and post-loss insurance valuation, including:
- Reinstatement cost
- Indemnity value (market value or depreciated reinstatement cost)
- Modern materials
- Obsolete buildings
- Demolition costs only
We have wide experience in the valuation of buildings and machinery before damage, so that sums insured are set at accurate levels. We're also experts in valuing after damage and our forensic approach to assessment uses building estimates and plant and machinery inventories to provide reliably accurate valuations.