The Hot Details on Fire Resistive Construction & Other ISO Classifications

fire resistive construction

With wildfires blazing across North America, and property owners fearing for their families, homes and businesses, having the right insurance coverage before disaster strikes takes on a whole new level of importance. How fire-resistive is your property? For property managers, reinsurers and risk pools, knowing your fire-resistance class and having the right ISO classifications  data […]

Earthquake Risks: How Architectural Features Affect Seismic Resistance

earthquake risk: how architectural features affect seismic resistance

The age-old saying, “The bigger they are the harder they fall” is believed to have originally come from boxing. But for those of us in property risk management, it’s also a fair description of how buildings of certain structural types can react to seismic events. In fact, there are a lot of architectural and logistical […]

What’s in a Replacement Cost Value? (And What’s Not!)

replacement costs for building damage like this flood

by Sandra Hou, Valuation Consultant In the insurance industry, replacement cost value (often referred to simply as “replacement cost”) is one of the most common and acceptable values used to insure properties. In my line of work, we are often hired by risk pools to value their members’ properties for replacement values, in order to make […]

Windstorm Mitigation: How Architectural Features Affect Storm Resistance

windstorm mitigation

In the past, we’ve discussed how architectural details affect earthquake resistance, and how documenting those details for your insurance Statement of Values (SOV) can help you secure the right insurance coverage at the best rates. So today, we’ll talk about the other common way your building can be affected by risk — windstorm. Like the seismic […]

How a Building Value Estimator Tool Can Help Trend Property Values Remotely

building valuation tool

In an ideal, magical land of property risk management, budgets would be limitless and there would be full, thorough, onsite physical inspections of every property in the insurance portfolio, anytime it was needed. Every necessary detail would be expertly verified and documented down to the last roof fastener. And 100% of your total replacement values […]