We provide comprehensive personal property and equipment insurance valuation services to clients in virtually all private and public sectors.
Today’s risk managers consider many factors when updating insurable values for equipment and personal property, including:
- Acquisition or divestiture of facilities and associated equipment
- Rationalizations, transfer of production lines, changes in occupancies, plant additions, etc.
- Turnover of capital assets, especially retirements
- Average asset lives in high-tech and healthcare environments
- Use of correct cost trend factors to adjust personal property values
Cost trends are indicators of average change, however - and there is no “average” assemblage of equipment. Trends vary from industry to industry and should not be used beyond seven to ten years; thus, re-establishing personal property insurance replacement costs on a five- to seven-year cycle serves as the basis of good underwriting practice.
Duff & Phelps employs a global team of experienced equipment valuation specialists. Our professionals use various approaches for personal property insurance appraisals depending on the occupancy and needs of our clients, including detailed asset listing, full physical inventory and appraisal, and on-site verification of specific assets.
Insurance Appraisal Services
Expertise in all classifications of real and personal property valuation that you can count on.Insurance Appraisal Services
Fixed Asset Management
Best practices in fixed asset inventory and property management consulting.Fixed Asset Management
Real Estate Advisory Group
Leading provider of real estate valuation and consulting for investments and transactions.Real Estate Advisory Group
Helping companies maximize tax depreciation benefits related to the construction of real estate.Cost Segregation
Machinery and Equipment Valuation
Supportable valuations of machinery and equipment in virtually every industry.Machinery and Equipment Valuation
Business Combinations / Purchase Price Allocation
Tangible and intangible asset valuations for business combinations for ASC 805 and IFRS 3.Business Combinations / Purchase Price Allocation