On the Road with Jay Shalakho: Exploring New York’s Patchwork of Communities
When you picture New York, you might imagine fast-paced Manhattan: yellow cabs, skyscrapers, and streets buzzing with energy. But drive a few miles north on I-87 — New York’s throughway to Montreal — and you open the door to breathtaking vistas, historic small-town charm, and a rhythm that’s all its own That’s how Centurisk Valuation […]
On the Road with Tyler Testa: Appraising the Last Frontier
Imagine stepping into a land where the vastness of nature dwarfs everything you’ve ever known — a world free of roads, where rivers weave through untouched wilderness, and mountains rise from a blanket of snow and fog. For Regional Appraisal Manager Tyler Testa, this was Alaska, a unique appraisal opportunity that transformed the traveler with […]
Ensuring the Success of Large Appraisal Projects
by Chad Sedlacek, Central Regional Manager, Appraisal Services When you need to tackle a large appraisal project for your organization, it can seem overwhelming. To complete it successfully, you need a structured approach. Here at Centurisk, we have years of expertise in implementing large appraisal projects for our clients. Check out the framework we use […]
Keeping Values for Insurance Current in Non-Appraisal Years
by Ryan Tate, Centurisk Director, U.S. East At Centurisk, we deal with customers of all sizes. From small cities, school districts, and colleges to large cities, major universities, risk pools, and even states. For the most part, the general needs are the same. Each customer wants detailed property data, accurate valuations and, of course, to […]
Best Practices for Appraising Unique Properties
by Melvin Ngayan, Director of Appraisal Services East When it comes to appraising unique properties for insurance replacement cost —like zoos, historical buildings, arenas, monuments, statues, and one-of-a-kind architectural marvels— the process can be intricate and demanding. As a risk manager for the insured organization, you become a guardian of these historically-, functionally- or architecturally-important […]
Reviewing Property Appraisal Data for Better Quality Control
by Gary Tate, Quality Control Manager Ensuring Appraisal Data Integrity When it comes to determining insurance ratings and rates, having accurate insurance appraisal data is crucial for more informed decision-making — both for insureds and insurers alike. Quality control reviews play a pivotal role in maintaining data integrity, safeguarding against errors, and enhancing data confidence. […]
Tips for Evaluating Your Upcoming Appraisal Pilot Project
by Justin Deem, Vice President of Appraisal Operations Embarking on a pilot appraisal project is a significant endeavor — one that demands meticulous planning, precise execution, and effective communication. This small starter project becomes such a big deal because your full appraisal will be based on the methods of data collection and the processes finalized […]
USPAP Standards: What is a USPAP Appraisal?
If you’re looking for a property insurance appraisal, you may have heard that a USPAP appraisal is a highly- trusted way of collecting property valuation data for your annual Statement of Values (SOV). But what is a “USPAP appraisal” and how is it different from a standard appraisal? All About USPAP USPAP stands for the “Uniform Standards […]
2022 Construction Cost Trends and Property Valuation
COVID-19’s business ramifications extend well-beyond the more popularly-discussed healthcare and restaurant industries. Throughout 2021 and into ’22, the construction industry faces skyrocketing costs, presenting significant challenges for new construction projects as well as property repair and replacement work. This, in turn, creates a dilemma for organizations with large property portfolios. How do you place value […]
Desktop Valuations: Don’t Judge a Pump House by Its Cover
We’ve heard story after story of entities getting stuck with the bill after a catastrophe due to property values gone awry. These unfortunate instances expose how differences between an assumed property value and one attained on foot, by a trained professional, aren’t always noticed until it’s far too late. How did it happen? It often […]