Valuations
Valuations are an essential part of business operations.
For example, it is crucial that prior to and at regular intervals during a fire insurance policy on buildings and inventory, the insured value is determined. Only then are you guaranteed the correct basis for cover in case of an emergency and will you accordingly pay the right premium. In addition, valuations serve to determine the current value of your possessions.
The object of the valuations forms the criterion for the principles!
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Valuations for fire insurance
Buildings are assessed on the basis of the reinstatement value and inventory or machinery on the basis of the new price value or replacement value. This is determined in an official appraisal report that meets the statutory regulations in accordance with article 7:960 of the Dutch Civil Code.
The appraisal reports are linked to your insurance contract, so that in case of damage you are not confronted with overinsurance or underinsurance, depreciation issues or burden of proof. After damage, you can focus on reconstructing / restarting your business activities thus guaranteeing the continuity of the company, without any undesirable discussions about the (value) principles of the insurance.
SOCOTEC valuations:
- Buildings
- Inventory/machinery
- Oldtimers
- Valuables
Our client include insurance companies, consumers, owners’ associations, real estate funds, property developers, business (from one-man businesses to SMEs and listed companies), the government and care institutions.
Economic valuations
Our specialists carry out economic valuations of buildings and inventory / machinery. This kind of appraisal is often required when a company is acquired, when buying or selling, for balance sheet valuations, amicable settlements with the tax authorities, when changing the legal form, bankruptcy, etc.
Even if you want to sell part of your company or a particular machine, we will help you appraise its value correctly.
We apprise the economic value of:
- Buildings
- Inventory/machinery
- Fleets of vehicles
- Special objects
