|
P.O Box 596, |
||
| Home | ||
| About Us | ||
| Valuations | ||
| Auctions | ||
| Sale News | ||
| Tips & Info | ||
| FAQs | ||
| Articles | ||
| Online Valuation | ||
| Contacts | ||
 |
||
|
||
| © Old Harlequin 1999-2004 |
Here you'll find a selection of the questions that, as valuers, we find we're asked day in, day out. Q. Do I really need a professional valuation? Can't I simply use guesswork? A. At your own peril! The potential for losses are enormous if you use guesswork. Q. Why? A. Because if you suffer a loss, an assessor, working for the insurance company will downgrade your claim because of initial guesswork values. Q. Will valuers documents defray the possibility of a claim being downgraded in this way? A. Yes, and, if you are an existing client, we will assist your claim too. Q. How does professional valuation help in probate cases? A. It is increasingly common that probate offices are rejecting "Self Assessment" and insisting on an independent valuation similar to a District Valuer's report on property.
A. There are many reasons. Some of the more common are sale, family division, estate settlement, damage assessment prior to a claim. Q. Why a sale valuation? A. To arrive at an independent value based on market trends by a third party (the valuer) who has no conflict of interest regarding the sale. Q. Why is it necessary to have a valuation for family division or estate settlement? A. To demonstrate value independently of all concerned parties and reduce the likelihood of potential disputes. Q. In relation to insurance, how would a valuation help me? A. In two ways. Firstly, a professional valuation precludes an over-assessment of value thus preventing paying higher premiums than necessary. Secondly, any under-assessment you make will mean you incur a shortfall in the event of a claim after a loss. Q. Surely like car insurance, companies use "book" prices of goods? A. This is impossible in the domain of possessions and chattels; there are simply too many fluctuating factors. Q. What do you value? A. All goods and chattels - from basic possessions to fine art and antiques, from single items to full inventories for contents insurance cover. More FAQs >>> |
