An insurance valuation provides security
You have insured your buildings and business inventory. But are you sure the insured amounts are still accurate? Your properties may be overinsured—meaning you are paying too much premium—or underinsured, which could result in insufficient compensation in the event of a claim. In other words: is your risk management properly balanced? An insurance valuation provides clarity and helps prevent unpleasant surprises.
In the event of damage, disputes may arise about the correct value of buildings or inventory, particularly with older properties. A pre-determined insurance valuation helps prevent such disputes, provides a legally sound basis for claims handling (in accordance with Article 7:960 of the Dutch Civil Code), and helps ensure full compensation.
With an insurance valuation, you are well prepared if something goes wrong.
Why value buildings?
The reinstatement value forms the correct basis for the insurance valuation of buildings. In practice, however, the purchase or market value is often used, which can lead to underinsurance. An objective insurance valuation prevents this and ensures reliable coverage.
At the same time, automatic indexation may lead to overinsurance and unnecessarily high premiums. A periodic valuation helps prevent this and ensures your policy remains accurate and up to date.
Why value inventory?
For inventories, the original or replacement value is the determining factor. However, without a valuation report, payments are often based on the current market value, especially when this is less than 40% of the original value. This means that the older your inventory, the lower the compensation. And in the event of damage, you usually have to purchase many new items at once. Without a current insurance valuation, this may result in a substantial financial burden.
Expert Valuations
Our valuers, many of whom are registered with the VRT and/or TMV, have in-depth knowledge of legislation, regulations, and technical valuation aspects.
Independent and objective
As an independent party, we have no vested interest in the valuation’s outcome. This builds trust among all parties involved and prevents disputes in the event of a claim.
Current market insights
Our research department closely monitors market developments and provides up-to-date and reliable data on construction costs and replacement values.
Efficient and transparent process
Thanks to our proprietary valuation system, we work extremely efficiently and maintain control over quality, turnaround time, and reporting consistency.
Every valuation begins with determining the objective and the appropriate valuation basis. This determines the direction of the valuation process: is it rebuilding value, new value, or replacement value? Together with you, we determine what's relevant to your situation and the insurer's requirements.
We collect relevant data about your properties or inventories, such as construction drawings, inventory lists, location data, and previous valuations. This data forms the basis for a thorough analysis.
Our experienced appraisers carefully assess the locations and properties. Based on property characteristics, market trends, construction costs, and technical specifications, they prepare a well-founded valuation. We also consider industry trends and value-determining factors.
You'll receive a clear, objective report detailing all valuations. This report meets insurer requirements and can be used for claims handling, compliance purposes, or as part of your strategic risk management. If desired, we can assist you in communicating with your insurer.
Want to ensure your belongings are properly insured and avoid underinsurance?
Request a free quote now.
