Assessments and estimates for insurance purposes of direct damages
The valuation and estimation service for insurance purposes offered by ASACERT involves a highly professional analysis carried out by experts in the field aimed at determining the valuation of business assets liable to direct damage, such as fire, natural disasters and claims in general, in order to obtain proper insurance coverage. In fact, when an entity finds itself taking out insurance, it must be able to value its assets properly, so as to obtain an insurance contract suited to its actual protection needs; the “Special Agreement for Insurance with Declaration of Value” clause allows the company to have its assets valued in advance by a third-party entity. ASACERT, through its insurance engineering division made up of technical experts, offers its clients a valuation and estimation service for insurance purposes that is impartial and, an essential requirement, recognized by insurance companies.
The assets subject to ASACERT’s valuation are considered in their current use, excluding statistical or forecasting considerations from the calculation, however, the need to make a predictive estimate involves relying on techno-economic and econometric models, which by their nature represent intangible entities with respect to the assets held by the company, among which are included buildings, machinery, equipment, furnishings, electronic machines, molds, etc. ASACERT also offers an assessment service for indirect damages due to business interruption working in synergy with companies to enable the development of a comprehensive and effective insurance plan.
THE BENEFITS.
Being in possession of a correct and timely prior estimate, prepared by independent professionals, and updated annually is essential for:
- Obtain insurance coverage appropriate to the entity’s protection needs
- Pay an insurance premium consistent with the value of the company’s assets
- Reduce the time required to settle damages in the event of a claim
- Minimizing additional costs in the event of a claim.