Everything You Always Wanted to Know About Property Loss Valuation but Were Afraid to Ask

The LMA invites you to an event discussing property loss valuation.

Learning objectives

• Economic loss
  • understand how and why policyholders will typically make economic decisions post loss.
• Replacement cost
  • understand how to calculate replacement cost
  • learn what like kind and quality mean
  • discover how period of restoration is determined.
• Indemnity
  • explore the concept of ‘to make whole’.
• ACV (Actual Cash Value)
  • understand the concept of actual cash value at the time of loss
  • learn about jurisdictional differences in the United States regarding ACV.
• Valuation
  • determine the factors influencing repair cost estimates.
• Depreciation
  • understand what depreciation is
  • learn methods for calculating depreciation
  • explore the calculations involved
  • consider the impact of labor costs on depreciation.
• Expert questions
  • identify essential questions to ask your expert
  • consider important issues through hypothetical scenarios.

Speakers

• Jon Held, Executive Chairman, J.S. Held
• Amy Churan, Partner, Robins Kaplan

Due to restricted numbers, if you register and subsequently are unable to attend, please email chloe.rees@lmalloyds.com.