Proof of Value for the Insurance Company
If you have contents insurance you will need to provide a valuation to the Insurance Company to prove the value of your property. In most cases items over a particular value are only necessary to specify. Many Insurance Companies request that anything above $1,500 be listed, on some policies the level is up to $5,000.
In a post-loss situation if you do not have a valuation, photographs or the remaining parts of the lost / broken piece, we conduct a short interview with you to establish exactly what was lost and to ascertain its value. This is the less desirable method (but necessary in most unfortunate cases) as the value can only be established without seeing the piece. It is a very good idea to at least have a photographic record of the items of value that you own, which should be stored off-site.
To Establish the Correct Level of Coverage Of Your Insurance Policy
A valuation is a way to establish what your level of insurance should be. The value of items in your home reflects the premiums you pay. With a written valuation you will have a better idea of the total content’s value.
It is recommended that valuations are updated every three to five years to reflect the current market trends.
For Equitable Division
Unfortunately there are times in life when property needs a valuation for legal Equitable Division. We can provide complete inventories of items in a home to ease this process. I have provided many valuations for forward thinking people who wish to have the values established when writing their will.
Out of Interest, Am I Sitting on A Goldmine?
Probably the nicest reason to have something valued is to officially establish the current value of something you have inherited or purchased twenty years ago for next to nothing. We can establish the current market value and what you may get for it at auction and you can then take steps to realise your asset!
THINGS TO KEEP IN MIND: Read your policy fine print properly. Make sure you know what you are covered for, for how much and what type of policy you have taken out.
If you have contents insurance you will need to provide a valuation to the Insurance Company to prove the value of your property. In most cases items over a particular value are only necessary to specify. Many Insurance Companies request that anything above $1,500 be listed, on some policies the level is up to $5,000.
In a post-loss situation if you do not have a valuation, photographs or the remaining parts of the lost / broken piece, we conduct a short interview with you to establish exactly what was lost and to ascertain its value. This is the less desirable method (but necessary in most unfortunate cases) as the value can only be established without seeing the piece. It is a very good idea to at least have a photographic record of the items of value that you own, which should be stored off-site.
To Establish the Correct Level of Coverage Of Your Insurance Policy
A valuation is a way to establish what your level of insurance should be. The value of items in your home reflects the premiums you pay. With a written valuation you will have a better idea of the total content’s value.
It is recommended that valuations are updated every three to five years to reflect the current market trends.
For Equitable Division
Unfortunately there are times in life when property needs a valuation for legal Equitable Division. We can provide complete inventories of items in a home to ease this process. I have provided many valuations for forward thinking people who wish to have the values established when writing their will.
Out of Interest, Am I Sitting on A Goldmine?
Probably the nicest reason to have something valued is to officially establish the current value of something you have inherited or purchased twenty years ago for next to nothing. We can establish the current market value and what you may get for it at auction and you can then take steps to realise your asset!
THINGS TO KEEP IN MIND: Read your policy fine print properly. Make sure you know what you are covered for, for how much and what type of policy you have taken out.