Insurance Appraisal Update

Once an initial investment has been made in an insurance appraisal, it is relatively inexpensive to maintain the integrity of the appraisal via an annual updating service.

American Appraisal’s annual updating service includes:

• Applying standard construction cost trend factors to appraised building valuations on an annual basis, which:
  • Assumes static construction practices
  • Does not consider modifications to the original structure
  • Remains accurate for approximately five to seven years
• Updating of appraised personal property values using industry-accepted cost trend sources, including:
  • Marshall Valuation Service
  • FM Global’s Industrial Cost Trends
  • Engineering News-Record’s 20-City Average Building Cost Index
  • Handy-Whitman Index of Public Utility Construction Costs
• Accounting for capital acquisitions and retirements, by either:
  • An on-site visit from one of our consultants
  • Application of client-supplied current-year capital asset activity (additions, disposals and retirements)

Why American Appraisal?
American Appraisal provides insurance valuation services for virtually all private and public sectors. We have performed some of the most challenging insurance valuations of the past decade, and we employ one of the world’s largest, most experienced teams of building and equipment valuation specialists.