Today’s risk managers consider many factors when updating insurable values for equipment and personal property, including:
Cost trends are indicators of average change, however - and there is no “average” assemblage of equipment. Trends vary from industry to industry and should not be used beyond seven to ten years; thus, re-establishing personal property insurance replacement costs on a five- to seven-year cycle serves as the basis of good underwriting practice.
Kroll employs a global team of experienced equipment valuation specialists. Our professionals use various approaches for personal property insurance appraisals depending on the occupancy and needs of our clients, including detailed asset listing, full physical inventory and appraisal, and on-site verification of specific assets.
Kroll has established best practices in fixed asset management that are recognized across our profession.
Kroll offers experience, reliability and transparency in the valuation of machinery and equipment for virtually every industry.