Property Insurance Valuations
Property Insurance Valuations
In the current economic climate and as risk factors have intensified across the globe, professional valuations have become a critical part of property insurance initiatives. Insurance Valuation is a specialty that derives accurate current replacement cost value for buildings/contents along with validated construction, occupancy, protection, and exposure ("COPE") data. On a pre-loss basis, our Insurance Valuation reports reduce uncertainty with underwriter's risk of loss assessments and provide risk management professionals with the edge needed to optimize terms, rates, & coverage.
Competitive Advantages
GA Group has unique competitive advantages allowing delivery of a world-class work product:
Ability to significantly scale resources for assignments that require immediate response and tight timeframes for completion.
Extremely strong and highly integrated processes with global partners allowing for seamless service delivery to multinational organizations.
Multi-disciplined team of architects, engineers, construction personnel, and credentialed valuation professionals.
Professional project management and technological infrastructure along with vast industry expertise and technical skill that creates value by reducing engagement risk and providing superior accuracy.
Value-Added
Our value-added deliverables include:
Cost-effective asset inventories to create the necessary audit trail to support ghost asset eliminations and a solid foundation for ongoing asset tracking; and
Machinery & equipment and building condition assessments to identify potential risks.
Relevant Experience
GA Group has a highly credentialed, geographically diverse group consisting of professionals with core backgrounds in insurance valuation, electrical engineering, mechanical engineering, industrial engineering, civil engineering, and architecture. GA has performed over 25,000 valuation engagements since 2004 with a variety of business objectives, including comprehensive physical inventory of all individual assets. Combining this extensive valuation experience along with property and asset condition assessment expertise, GA has a uniquely capable property insurance valuation practice.
Many appraisal engagements to address property insurance objectives have materialized through various channels and been delivered successfully over the past 20+ years. GA is highly qualified to help clients overcome the uncertainty in the property insurance market by leveraging our expertise in delivering valuations and a strong foundation of underwriting data.
GA Group offers several approaches for establishing insurance replacement cost.
Some of the most common are: Full Site Inspections (List and Price Method), Hybrid Inspections, Desktop Studies, Sampling Programs, and Virtual Inspections.
Selecting the right appraisal approach is about balancing accuracy,
cost, and risk tolerance.
- Insurance programs that are new or property with a history of underinsurance may require a full site inspection.
- Large, stable portfolios may benefit from hybrid, sampling, or desktop approaches with periodic full inspections every 3 years.
A well-designed program often uses a mix of methods:
perform a full inspection in Year 1, use hybrid or desktop updates in Years
2-4, then repeat the full inspection cycle. This keeps values credible and
ensures data remains current.
If you'd like to discuss which approach is right for your organization — whether a full onsite appraisal, a hybrid program, or a portfolio refresh — GA Group is happy to help. Reach out to start a conversation and ensure your property values are accurate, defensible, and ready for renewal.
