Valuations – Insurance

Accurate pre loss valuations, assist the underwriter in pricing the risk and the client in avoiding average.

Part of John Foord services include:-

Reinstatement as New/Replacement as New
Current replacement of aged assets – with the purpose of ascertaining a 'new for old' valuation figure. The valuation will reflect the cost incurred to achieve (whichever is the lower figure) an identical replacement asset in a new condition, or the cost of a modern asset.

Indemnity Insurance Value/Sound Values
Current valuation of the assets, on the basis of an agreed settlement ensuring the insured remains in the same situation as before a loss – the status quo. This basis of value reflects the value of a 'like for like' replacement.

All John Foord valuations are prepared within the parameters of The Royal Institution of Chartered Surveyors in London (RICS) and American Society of Appraisers (ASA).