SOLUTIONS | PROPERTY
Sedgwick’s experienced valuation team provides accurate, detailed insurance appraisals for buildings, equipment and personal property.
What we do
Sedgwick’s valuation services division provides insurance appraisals and reserve studies, including pre-loss inspections for buildings, personal property and equipment. Our team works to determine the loss amount and to resolve any claim disputes relating to lost or damaged property. Our certified appraisal professionals have extensive experience with this process and also understand property policy wording, local jurisdictional differences and building codes, costs and processes.
No place is immune from the risk of losses from catastrophes such as hurricanes, earthquakes, fires, explosions, tornadoes or flooding. Knowing the potential for such a loss, owners should be proactive and take every precaution to make their property as secure as possible including having accurate insurance coverage. Correct policy values are not only important for building coverages, but also for personal property and equipment coverages.
Our company has a proven history of stability, financial strength and respect in the marketplace. We will be there when you need us.
Insurance appraisal services
An appraisal from Sedgwick includes a replacement cost analysis, giving you an accurate estimate of the amount of insurance required to replace each structure and/or make improvements so they are exactly the same as they currently exist. Our appraisers calculate each building’s reproduction cost on a component-by-component basis, which provides the most accurate valuation available in the marketplace.
It is also important to have the correct policy coverage for equipment and personal property. Our valuation services team specializes in providing insurance appraisals for these types of policies and can help ensure you have the correct coverage.
Why get an insurance appraisal?
Most property owners, managers, boards and insurance agents agree — obtaining a property insurance appraisal is one of the best decisions they’ve made. Along with peace of mind, some reasons for getting an appraisal include:
• Accurate replacement cost values
• Correct policy coverages
• Due diligence
• Complete inventory of personal property and equipment
• Comprehensive documentation
• Transfers errors and omissions (E&O)
Reserve study services
Our reserve study is a budgetary planning report, which identifies a property’s necessary major repairs and replacements while establishing a funding plan to ensure adequate monies are available for planned expenditures. This includes both physical and financial analyses. The physical analysis identifies the major replacement or repair components of a property, estimated costs, and estimated useful and remaining lives. The financial analysis incorporates information from the physical analysis into a budget plan to fund the anticipated future expenditures.
Insurance appraisals and reserve studies
Sedgwick provides insurance appraisals and reserve studies for:
• Residential communities
• All types of commercial and industrial buildings
• Hotels/golf clubs/resorts/timeshares
• Churches/historical buildings
Interested in our services?
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THIS SERVICE IS AVAILABLE IN:
Papua New Guinea
United Arab Emirates
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