Planning throughout a challenging insurance marketplace
Determining Accurate Property Valuations

Effective management of financial and operational risk begins with accurate property valuation. If not done accurately, there could be serious financial consequences affecting your bottom line. Property valuation is the process of determining the replacement cost value of a property and its contents, along with business interruption values, for insurance purposes. Although there are different methods for determining a building's value, replacement cost is the most common and widely accepted valuation for insurance purposes.

Gallagher discusses the best way to determine your property’s value in a challenging insurance marketplace due to COVID-19.

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The information contained herein is offered as insurance Industry guidance and provided as an overview of current market risks and available coverages and is intended for discussion purposes only. This publication is not intended to offer legal advice or client-specific risk management advice. Any description of insurance coverages is not meant to interpret specific coverages that your company may already have in place or that may be generally available. General insurance descriptions contained herein do not include complete Insurance policy definitions, terms, and/or conditions, and should not be relied on for coverage interpretation. Actual insurance policies must always be consulted for full coverage details and analysis.

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