5 Smart Ways to Handle Property Valuation Swings Without Losing Sight of Risk
Large valuation swings can put risk managers in a difficult position. On one hand, rising replacement costs can push insurable values and premiums higher, which can require additional justification for risk pool members. On the other hand, applying trend factors that are too low can leave properties undervalued and organizations exposed. For risk pools, states, […]
Property Valuation Trend Factors for 2024 and How to Deal with Large Fluctuations
Understanding trend factors and how to manage their impact on property valuation is crucial in today’s dynamic insurance landscape. As organizations navigate through market fluctuations and economic shifts, the replacement cost value of properties can experience significant increases over time, directly influencing insurance premiums and risk exposure. Replacement cost value represents the expense required to […]
2023 Inflationary Challenges and Property Valuation Trending
A perfect storm of high construction demands, increasing labor and materials costs, labor shortages, supply chain interruptions, inflation, lessening COVID restrictions, and the war in Ukraine have combined to affect the factors that ultimately help determine 2022 property valuations. Let’s take a closer look at these trends and where they’re headed for 2023 and beyond. […]