Insight Asset Services provides insurance valuations across many types of non-current tangible and intangible assets.
We provide insurance valuations across all industries including Utilities, Manufacturing, Commercial, Resources, Primary Production and Public use assets.
Key IAS staff have provided insurance assessments for clients across Australia and internationally, under a variety of approaches including Replacement with New, Indemnity Value, Limit of Liability and Partial Loss Analysis.
In our experience, underinsurance is common throughout many market segments, with most organisations infrequently engaging an external expert to review their insurable limits. Furthermore, for those who do frequently conduct reviews, there are additional hazards when it comes to partial losses. IAS staff have worked with risk engineers in the past to tailor our valuation scenarios, ensuring adequate coverage is obtained for significant risks in addition to total loss scenarios.
Insight Asset Services understands assets and takes the time to ensure the valuation approach is fit for purpose. We can tailor asset categorisations, and work with risk engineers to develop valuations based on exposure risk. It is essential insurance coverage is adequate but not excessive. Every asset owner should understand the significant risks and the potential impacts on their asset portfolio.