Property Insurance Valuations | 3 Scenarios to Avoid

2018-08-14T13:29:20-04:00Tags: , , |

Addressing 100% of the buildings and structures listed on a statement of values (SOV) with property insurance valuations can seem like a daunting task. One rule of thumb, sometimes used to make the task more manageable, is to set a threshold. Then, everything currently valued above the threshold will be appraised while everything below [...]

Secure Proper Insurance Coverage at the Best Rates: 3 Ways an Accurate Statement of Values Can Help

2018-08-08T11:05:56-04:00Tags: , , , , |

A statement of values (SOV) is a declaration to insurance providers of which properties your entity intends to insure. At a minimum, an SOV generally includes a name, address, square footage, occupancy, and replacement cost for each property listed. For risk management professionals concerned about property risk exposures, an up-to-date, accurate SOV is critical. [...]