Appraisal Services

The value of knowing what it’s worth

Protecting your company’s physical assets can be more complex than it seems. It requires knowing precisely what they’re worth, at any time, under any market conditions. Start with a property value appraisal from our skilled appraisers.

This confidential service is dependable, accurate and can be conducted anywhere in the world you do business. We work with you to determine replacement-cost values for your buildings and personal property. Here's what you can expect during the appraisal process:

  • We will work with you to ensure the valuation assistance requested is applicable to your needs
  • Calculation of replacement values of buildings, and other structures, adjusted to reflect regional labour and material costs
  • Equipment inspection, to determine equipment replacement costs 

The appraisal is a powerful tool to ensure the accuracy of reported property values to FM Global. The accuracy of values is important in order to make effective risk management decisions.

Key benefits

Why use FM's appraisal services?

  • Tailored Services to meet your specific needs
  • The appraisal is based on the actual property defined by the insurance policy
  • We work with you to resolve any questions

Comprehensive appraisal reports

  • Regular appraisal

    This type of appraisal is based on an in-depth visit to your property and consultations with your key employees. You’ll receive a detailed report, with property described and priced on a building-by-building, floor-by-floor basis. Local construction materials, labour conditions, fees and other factors are all taken into account. Your appraisal report may also include:

    • Individual listing of all building structures
    • Detailed listing of all yard improvements and betterments
    • Detailed descriptions of all machinery and equipment
    • Cumulative listing of all lower pound value items for easier readability
    • Documentation to satisfy requirements

    You control the amount of detail, based on your selection of a pound cut-off limit that best fits the end use of the appraisal report. Our standard cut-off limit, unless requested otherwise, is £100,000. Higher and lower limits are available upon request.

  • Summary appraisal

    In a summary appraisal, our appraiser spends less time at your site, and more involvement is required of facility employees. The values for contents are determined by logical equipment category and presented as a condensed listing of building and content values. Additional features may include:

    • Individual listing of all building structures
    • A logically grouped equipment listing, including the total appraised value for each equipment category

How we determine replacement value

  • Value determination

    Building costs are regionally adjusted for local labour and material price variances. Cost sources include publications of building cost information from national and international construction estimating services. The determination may involve a review of facility drawings and other documentation.

    Equipment costs are determined by researching original equipment manufacturers’ pricing, historical financial records and third-party pricing resources, to which allowances for shipping and installation are added.

  • Valuation methodology

    The replacement value of buildings and other structures is determined by the same methods used by contractors to develop their estimates and bids, with costs regionally adjusted for local labour and material price variances.

    The appraiser will list enough information about the contents so that values may be accurately researched. When needed, a determination of replacement value might involve document review and consultation with knowledgeable plant staff.

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