Their are two major things we need to know about property. What condition is it in and how much is it worth. In terms of the insurance claim business that translates into how much damage does it have, how much will it cost to repair it and how much would it cost to replace it. The two ways of going about acquiring such information is known as Estimating and Appraising.
Appraisal Services
Contents:
 | Damage & repair estimates |
| Property appraisals |
| Automobile |
| Real Property |
| Personal Property |
| Special Property |
Damage and repair estimates
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When any kind of property is damaged, some estimate of the amount of damage is necessary for a number of reasons.
| You need to know how much damage there is in order to determine the cost of making repairs. |
| If the cost of making repairs is greater than the value of the property, it my be deemed to be a total loss. An estimate of the amount of damage is necessary |
| No claim can be settled until the amount of damage has been firmly established. |
| What if the damage is greater than policy limits? You need a damage or repair estimate to know. |
Property Appraisals
Although the term is frequently misused, an appraisal of property is performed in order to establish its value, not the amount of damage. Value is not an easy term to understand. It means different things to different people. It means different things under varying circumstances.
Our appraisal services include:
| Replacement Cost |
| Actual Cash Value |
| Salvage Value |
| Total Loss Evaluations |
| Market Value |
| Liquidation Value |
Automobile
The appraisal of automobiles includes:
| Private passenger cars |
| Light trucks |
| Medium and Heavy trucks |
| RV's |
| Motorcycles |
Real Property
The evaluation of real property includes land and improvements to the land. We do not do Real Estate appraisals. We do appraise the value of the things added to or attached to the real estate.
| Single family dwellings |
| Apartment buildings |
| Town houses |
| Condominiums |
| Mobile Homes |
| Churches |
| Motels |
| Retail stores |
| Convenience stores |
| Theaters |
| Industrial buildings |
| Farm buildings |
| Fences, towers, tanks, etc. |
Personal Property
Placing a value on personal property due to its damage, destruction or disappearance is a specialty unto itself. A complete list is impossible for a web site. But, it is important to know that we prepare value appraisals of personal property for:
| Insured losses, such as thefts, fire and other covered perils. |
| Estate evaluations for the disposal of property by heirs. |
| Establishing the value of property in order to have it insured. |
| In preparation for private sale of property by individuals. |
| Loan evaluations for banks and other lending institutions. |
| Antiques and collectibles. |
Special Property
Although only a partial listing, we also appraise the value of:
| Heavy equipment |
| Farm equipment |
| Construction equipment |
| Valuable papers and documents |
| Businesses |
| Accounts receivables |
| Animals |
| Crops |
| Aircraft |
| Airport support equipment |
| Boats and other watercraft |
| Communications equipment |
| Banks and banking equipment |