What is this page?
This page is a comprehensive guide to property insurance appraisals, designed for risk pools, public entities, schools, and state organizations. It explains appraisal fundamentals, data collection best practices, project planning, technology support, and how to maintain accurate values between appraisals.
Who is this for?
Risk managers, pool members, insurance administrators, and anyone responsible for maintaining accurate Statements of Values and property data for insurance.
What will you find here?
If you need to know the ins and outs of property appraisal, we at Centurisk have you covered. We’ve gathered everything from articles, presentations and solution sheets, to case studies, worksheets and checklists, all on this one page to make it quick and easy for you.
A property insurance appraisal (also called a “property insurance valuation”) is a formal process used to determine the current replacement cost, reproduction cost, or market value of a property or asset for insurance coverage and risk management planning.
In this section, we’ll talk about the foundational concepts of insurance appraisals, appraisal services, valuation methods and standards, and property characteristics and data.
Learn the basics of insurance, appraisals, appraisal types and their benefits.
Find out what to look for and expect from property appraisal services.
Learn how property is valued, and the associated methodology and best practices.
Read about how architectural features are classified, what property details appraisers collect and why.
Historic and specialized properties require different valuation approaches and data considerations than standard structures.
Different types of insurance policies can affect what is covered and how your property should be valued.
Learn about defining your appraisal project scope, how to write your RFP to make evaluation easier, how to present your statement of values data to insurers, how to approach a pilot project, and more.
Accurate property data reduces underinsurance risk, strengthens your Statements of Values, and supports better insurance pricing and coverage decisions.
Property risk management software tailored to your organization can store and maintain property data, acting as a system of record. It can improve communications and support better risk management decision-making, too.
Value trending and data auditing are just two ways organizations maintain accurate data between appraisals. Learn about them all here.
We have case studies on how risk pools and states are successfully using both our appraisal services and property risk management software for their unique needs.
A little risk management appraisal humor to top it all off.
To download the Property Appraisal Services Vendor Evaluation Framework, please fill out the form below.
