• Takes the Guesswork out of Property Valuations for Insurance Rating Purposes. Most property valuations are provided by client companies in a very inexact manner.  They either guess, based on what they think the valuation should be, or they use a figure provided by their agent.  Underwriters use standardized programs such as Marshall & Swift, which can produce valuation differentials in the range of 25% causing overpayment of insurance premiums.  ETS prepares the DEIRA to provide an accurate X-Ray of the property to take the guess work out of the valuation process thus reducing premiums and obtaining better terms, conditions, and coverage for the property owner.

• Provides a Detailed Analysis of the Actual Cost to Rebuild or Repair Insured Property. The analysis report will detail the actual cost to rebuild or repair property damaged by a covered cause of loss. More often than not, insurance company adjusters will suggest repair or replacement valuations that will not be acceptable to the owner of the damaged property.  Our valuations provide a fair and equitable valuation that the adjuster would find acceptable which will help to eliminate the often confrontational and acrimonious aspects of adjusting a claim.  ETS’ reports are instrumental in the claims process for the property/business owner and will be used as a tool to ensure the claims are adjusted properly. This blueprint gives the underwriters a great deal of comfort in providing much more accurate costs when quoting premiums.

• Outlines an itemized breakdown of personal property versus building valuation. Properties may be overvalued because owners, insurance agents, and insurance-company underwriters do not have a clear understanding of what may be considered personal property versus building.  In many cases, property owners pay excess premiums for these mistakes.  Our DEIRA valuation breaks down these items.  These figures are used to procure property coverage and premiums that are typically lower than currently paid by the property owner and, again, ensure proper valuation. Historically building rates/lost costs were lower than business personal property, but this has changed with the multiple storm years the United States experienced. Traditionally the theft load caused business personal property to be higher than the building theft load due the high conversion exposure associated with such property. Now, the wind load for building has resulted in outpacing the affect of the theft load for personal property.

• Negotiates Better Insurance Coverage Terms and Conditions on behalf of the Property Owner. National Insurance Brokers and Risk Consultants use the details of our report as part of their overall underwriting package for both the property and casualty lines of coverage.  Underwriters appreciate the extra details that provide a level of comfort based on mitigation factors detailed in our Analysis report, e.g. Hurricane Impact Glass, Specific Roof Construction Detail, which make their jobs easier.   As a result, the underwriters are willing to offer better property coverage terms and conditions for the property owner. Additionally, the underwriters view the detailed submission as indicative of a well run company, warranting further consideration for reduced premiums on the casualty lines of coverage such as general     liability, auto liability, and umbrella liability.