Need an Insurable Value Equipment Appraisal?
Insurable value is typically defined "The cost of total replacement of destructible improvements to a property; may be based on replacement cost rather than market value". Houses appraised at a value of $250,000 would be insurable for the same value. The policyholder's losses to the house or other structures would be worth up to $250,000. Land value is excluded in calculations of insurable value. Land typically does not experience losses it just stays there. Many different factors are included in the current value like structure size, neighborhood criminal activity and any market swing.
Certified Appraisals by Professionals | Irrefutable Appraisals | Substantiated Appraisals | Court Approved Appraisals | Expert Witness
How can an Insurable Value Equipment Appraisal help?
Items to consider about Equipment Appraisals:
- Used as a Strong Negotiating Tool
- Three Values on Report (High, Mid, Low)
- Certified Appraisals are typically accepted and preferred by Lenders and SBA
- Realistic line item value threshold
- Help set Insurable Values
- May be needed for Corporation Tax Purposes
- AVOID Potential Litigation with a Certified Report
- U.S.P.A.P. Compliant Certified Appraisers (Uniform Standards of Professional Appraisal Practice)
