Accurate asset valuation is necessary to establish correct values for insurance purposes whether the purpose is to determine replacement costs in response to a weather-related incident or to determine the insurance costs. Owners want to pay proper insurance rates based upon their assets of worth. Insurance companies want accurate values for all assets.
CCA recently performed a valuation of over 2 billion dollars worth of assets at a facility in New Jersey at the request of the owner and insurance company. CCA provided accurate asset values for above ground and below ground assets so that the insurance market could model earthquake and hurricane impact scenarios providing the owner and broker the information needed to establish appropriate insurance premiums.