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Realising the value of your assets

Insurance Valuations

Have you reviewed your property and plant and machinery insurance cover level recently?

Many businesses use an existing accounting figure, such as Net Book Value, when arranging their specialist plant and machinery insurance cover with their broker.

business factory machineryOften it is down to the company themselves to provide these cost assessments. In some instances, such as a Total Loss Scenario, these assessments may prove inadequate to replace equipment currently in use, especially for older firms who may have been indexing their figures up on a yearly basis assuming that this will cover any increase in new equipment cost prices or specialist bespoke equipment.

European Valuations can provide plant and machinery Insurance Valuations, on a reinstatement with new or indemnity basis, where required, whatever the business or industry.

For further information, please contact: Peter Bache