What is a valuation for insurance?
A valuation for insurance provides the client with fully described schedule of an item or list of items, illustrated with photographs. Extensive research is entered into in order to give an accurate assessment of the replacement value of an article. Where possible this will be in terms of a brand new replacement value. In the case of an antique item or irreplaceable item, the cost to replace with a similar or equivalent item. The valuation can be used to list the item on a household or specialist insurance policy. It does not constitute an offer to purchase the goods.
