Property Insurance Appraisal Updating Services
Kroll provides annual updating services to corporate and public sector clients around the world.
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Once an organization invests in a structured property insurance appraisal program, annual updates offer a cost-effective way to maintain the integrity of insurable value data. Our professionals apply standard construction cost trend factors to appraised building valuations on an annual basis, which:
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Assume static construction practices
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Do not consider modifications to the original structure
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Remain accurate for approximately five to seven years
In addition, we update appraised personal property values using industry-accepted cost trend sources, including:
- Marshall Valuation Service
- FM Global's Industrial Cost Trends
- Jurisdictionally Relevant Consumer and Producer Prices Indices
- Industry Specific Cost Indices
Finally, we account for capital acquisitions and retirements through:
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An on-site visit from one of our professionals
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Application of client-supplied current-year capital asset activity (additions, disposals and retirements)