How to determine the value of office properties in the filing of insurance?

Fill the Form to write the Value of your Office Property

If you intend to insure homes, offices, shops, buildings, apartments, boarding houses or any building. One of the important procedures in the process of filing insurance is IASL (Insurance Application Submission Letter). In the IASL, you must fill in the value of buildings and also the value of existing furniture in your building. What value should you fill?

Office Builing after Burned

For example when you want to insure your office from the risk of fire, As you filled the office building value, certainly based on the value of office buildings at the time of your purchase. Actually, the purchase price of office buildings are usually already include the price of land, buildings thereon, taxes, behind the name, and other administrative costs. If we look at, some of it has no effect when when your office is really on fire.

Office Interior after Burned

Besides the purchase price also includes the foundations of office buildings and fences. Actually, if the office caught fire, probably will not affect the foundation and fence. Since the foundation's office will not burn, while the location of the fence is not always close to your office.

Protect Your Office Property with Insurance

Therefore, in an insurance application form is not required to mention the value of your fence and foundation offices, such as when submitting your earthquake insurance. If you participate in the development office, you may find out in detail the foundations and fences.

Insured an Office  Building in London On Fire

The problem is because you did not get involved in your office building, so the solution is to find a reference to the building contractor. If you are still having trouble, then you could ask directly to the insurance company agent, usually at an insurance office files has a reference to determine the value of an asset in detail.

Apartement and Office on Fire - Insurance Evidence File

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