3rd June 2021 by P. Merker
The aim of your machine insurance is that after a damage your company is exactly where it would have been without the damage as soon as possible.
In order to ensure this, you absolutely require correct insurance values. You need to know what your machinery and equipment cost.
Only rarely will these values match the values in your books. In our many years of valuation practice, we have seen significantly more companies with incorrect sums insured than with correct ones. Much more tragic, however, were the cases of underinsurance we experienced. You can find out about this and what you can do about it here.
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