Reducing Your Risk Exposure on Historic Properties

2022-11-08T09:21:35-05:00Tags: , , , |

Historic properties stand as an important reminder of, and glimpse into, bygone days. But maintaining these structures may present some challenges that leave you longing for a user-friendly time machine to hire some talented craftsmen from the past. Federal rules, like the Standards for the Treatment of Historic Properties, mean you can’t simply tear [...]

2022-23 Inflationary Challenges and Property Valuation Trending

2022-10-17T13:23:48-04:00Tags: , , |

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 [...]

Today’s Blanket Policies and the Underinsured Property Problem

2022-10-17T13:26:35-04:00Tags: , , , , , , |

Once upon a time (or before 2008), when an organization wanted to insure their full property portfolio, they could streamline their insuring process and secure more complete coverage by getting a true blanket insurance policy. This blanket policy was a single property insurance policy that either covered multiple locations, different types of property at [...]

How AssetWorks’ Valuation Estimator Helps Mitigate Underinsurance Concerns

2022-10-17T13:21:27-04:00Tags: , , , |

Underinsurance has always been a concern for organizations striving to mitigate their risk — particularly those with large property portfolios and unique structures, where lots of very specific data must be collected to ensure valuation accuracy.  But increasingly, the underinsurance gap has been made even wider by the volatile cost shifts and supply chain [...]

Cost Fluctuations and COVID-19’s Impact on Property Values

2022-01-13T11:07:29-05:00Tags: , , , , , |

The continuing aftershocks of COVID-19 and their effect on business — particularly in construction and property valuations — is resulting in higher construction costs. Supply chains have been disrupted and the cost for materials in certain areas have skyrocketed. While we can’t predict with any level of certainty what will happen next, it is [...]

Dealing with Property Risk in an Increasingly Uncertain Climate

2021-10-22T11:12:25-04:00Tags: , , , |

We're coming to the end of 2021, and a quick review of the past months shows the emerging pattern for the year may be found in its lack of pattern: that is, it’s a year in flux. So far, it’s been a rollercoaster ride for those of us in the property risk management industry. [...]