property insurance valuation methods
property insurance valuation methods

Property Insurance Valuation Methods

Choosing a suitable property insurance valuation option helps ensure coverage matches need. Each insurance policy contains a section titled “Valuation” where it defines how property will be valued at the time of a claim. A variety of property insurance valuation options are available. Valuation affects reimbursement – the claim payment. Although policies may offer a large amount of financial coverage, depending upon the type of property insured and your needs, it may make more financial sense to select an alternative valuation method, insure your property for less, and enjoy lower premiums. Each client decides what works best for their situation.

Below are the most common property insurance valuation methods.