What Happened? Techniques for Appraisals Specific to Damage Claims

Sep 19

Course Details

Description

Delve into the complexities of personal property valuation, specifically focusing on distinguishing between new and pre-existing damage and its impact on pre-loss value. Join Heather Looney as she explains:

• Identifying the Signs: Learn practical methods to differentiate between new damage and pre-existing wear and tear, equipping you with the knowledge to accurately assess a property's condition.
• Impact on Value: Understand how both new and pre-existing damage can affect pre-loss value, enabling you to confidently assign a fair and accurate valuation.
• Building Repairability Partnerships: Discover the importance of collaborating with qualified professionals to assess the viability of repairs and potential loss in value post-repair.
• Beyond Standard Reports: We'll explore information that goes beyond the scope of standard reports (ISA and USPAP) but holds significant importance for the appraisal user. This additional insight will empower you to make informed decisions based on a more comprehensive understanding of the property's condition.
• Refresh on Replacement Costs and Values: Gain a clear understanding of the difference between replacement cost and replacement value, and how these concepts translate to the compensation users can expect based on our appraisal information.

By attending this presentation, you'll gain the knowledge and tools to confidently navigate the complexities of property valuation, ensuring accurate assessments and informed decision-making.

Heather Looney, ISA, is a Qualified Claims Analyst with the Claims Prevention and Procedure Council. Heather's love for research and history fueled her desire to become a personal property appraiser. Several years of conducting inspections and evaluations for insurance and other property damage claims uniquely prepared Heather to provide personal property appraisals.

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