Business Equipment is an important tool to any business, but can be under-insured or incorrectly valued in the company’s asset register.

Being under-insured in the event of a loss can place immense strain on a business. If a total loss event occurs and the equipment is under-insured, your business could be considered a Co-Insurer, and therefore suffer financial liability.

If your equipment is over-insured, insurance premiums are higher, and in the case of loss, your market-value payout will be disappointing when compared to your inflated insured rate.

VASA Valuers advocates having your equipment valued for “Agreed Insurance”, this not only saves you money on higher insurance premiums but also gives you the peace of mind knowing that you have your equipment valued correctly in the event of a loss.

Insurance companies can also benefit from this as settled amounts are agreed by both parties, in the event of a loss.