Expert Insurance Appraisal Right-Sizes Coverage for $6 Billion Holding Company and Reduces Premiums
Client: Real Estate Holding Company
Challenge: Provide Insurance Valuation that Considered the Current State of the Building Materials and Construction Markets
A holding company with a $6 billion portfolio of commercial and residential real estate asked AccuVal to determine if its insurance coverage accurately reflected the value of its holdings, and whether insurance premiums were optimized.
AccuVal Approach
Critical to the success of this engagement was the understanding that the standard metrics used to estimate insurable values were no longer valid. Significant increases in the cost of building materials and construction had to be taken into account due to the impact of inflation and recent natural disasters. AccuVal's guidance helped the customer quickly understand the level of coverage required and the cost to insure these risks.
Bottom Line: Improved Coverage At Lower Cost
AccuVal quickly updated the customer with the information needed to make informed decisions regarding insurable risk.
The AccuVal AdVantage™
In-depth knowledge of real estate and construction costs. Reliable counsel to give customers the information needed to make informed business decisions. That's The AccuVal AdVantage™ at work.
© 2013 AccuVal Associates, Inc. All Rights Reserved