PICG presents – Replacement Values: Guess That Cost!

Join the Property Insurance Claims Group (PICG) for Replacement Values: Guess That Cost!

Description

Inaccurate Insurance to Value (ITV) causes headaches when determining replacement costs. Whether relying on inaccurate data, inadequate expertise or contending with rapid global changes, insurance carriers hold higher risk and face higher value claims than projected. This causes an increase in a claim’s duration and expenses.

In this interactive forum, we will review five properties of varying type and scope, and share DBI Consultants’ methodology to accurately determine their rebuild costs.

Objectives

Attendees can expect to gain the following:

• Understanding of inaccurate ITV perils: Attendees will learn about the risks associated with inaccurate In-Total-Valuation and its implications throughout the claims cycle.
• Awareness of construction cost trends: Attendees will be informed about current trends in construction costs, which is crucial for assessing property values accurately. This knowledge will enable attendees to stay updated with industry dynamics and make informed decisions.
• Methodologies for demanding accuracy: Attendees will be equipped with methodologies they can demand from their experts to ensure accurate ITV. This includes understanding the processes and tools necessary for precise valuation, empowering attendees to hold experts and processes to a higher standard.
  The session will conclude with an interactive Q&A session.

Speakers

• Dennis Di Millo, President, DBI Consultants
• Tomer Saar, Managing Partner, DBI Consultants

Audience

This session is open to emerging professionals.