Risk Consult offers you valuation for the determination of the new value (new value is defined as the market price of the unused good valid on the valuation date, including all costs that serve to make the good ready for use) especially for:

  • Buildings
    The replacement value of a building is made up of the customary local costs of its new construction plus planning and construction costs on the specified reference date. The new value calculated is set by the expert in such a way that cyclical fluctuations are balanced out or missing tender periods are taken into account. Judged by construction method, by supporting structures, type of false ceilings and fire resistance.
  • Technical and commercial equipment
    All objects present on the business premises at the time of the photograph are assessed in accordance with the Instructions for the Implementation of Industrial and Commercial Installations for the Purposes of Fire Insurance or the Grouping Explanations of “Group B: Technical & Commercial Operating Equipment”. In addition to the purchase price, we also take into account any transport and assembly costs, planning costs and internal services. Rental and leased assets, as well as installation assets, are often not separately identified in the fixed asset register.
  • Preservation of evidence before construction and/or assembly activities

We have decades of experience in determining insurance values and have an uncompromising commitment to quality. Our team of interdisciplinary experts reviews all available documentation, conducts site visits and carefully coordinates the results with all parties involved. Every year, we carry out around 500 valuations in Austria and neighbouring countries.

According to the wishes of our customers, we prepare detailed analyses or plausibility assessments. The result is a clear and comprehensive appraisal with an overview of all values, the value calculation including revaluations of all considered units as well as a comprehensive photo documentation.

The value determination from one source (keyword: interface problems) results in a high degree of security, due to the possible “underinsurance waiver” for policyholders and brokers. In addition, the insurer knows the risk this way and the settlement in the event of a claim is simplified. The estimation of maximum loss scenarios also becomes considerably more precise and accurate through the determination of insurance values.

Advantages of commissioning Risk Consult

Risk Consult has many years of experience with competent employees. The valuation is structured from an actuarial point of view and insured values are correctly allocated. Not only official indices are considered, but also discussions with suppliers as well as extraordinary circumstances, such as inflation, or price increases due to raw material shortages are taken into account. A grant of underinsurance waiver is made possible by our method. Our services are comprehensive, demand-oriented and value-adding, our consulting is independent, competent and innovative.

Security

Security is a basic need that cannot be considered in isolation. If you understand the risks, you can create security. We have experience with sources of danger and their dependence and can show causes and effects. Thus, with our valuations, we lay the foundation for a comprehensive and realistic consideration of the risks and opportunities of our customers. Without an appropriate valuation, it is not possible to develop a sensible insurance concept.

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It is important to determine the respective construction class, as this has a significant impact on the effort as well as the construction material costs:

  • Construction class 1: Solid construction
  • Construction class 2: Supporting structure “steel
  • Construction class 3: Supporting structure “wood

It is also necessary to consider the type of roofing – hard roofing made of non-combustible building materials (tiles, eternit, etc.) or pressed gravel, roofing felt (shingled) or soft roofing made of wood, plastics, hardboard.

Other value-determining parameters are, for example:

  • the shape of the floor plan (square, round, rectangular), the more complex the floor plan, the higher the new construction value
  • the type of cellar (full cellar, partial cellar and floors). Civil engineering is costly and complex
  • Location and accessibility play an essential role in the reconstruction effort
  • Materials used: Especially for high-end residential buildings, the price increase of building materials is crucial
  • Architecture (façade articulated or simple): The more complex the design of a building’s façade, the more time-consuming it is to restore it following damage
  • Monument protection: We carefully check which components are affected in listed buildings and incorporate the findings into our assessments. This can only be achieved by recording the local conditions on site.
  • Statics: Standards and regulations are subject to constant change; it cannot be assumed that halls built according to older standards may also be reconstructed in the same way. Usually in such a case increased costs are the consequence
  • Insulation: There are also constantly new technologies and regulations in the field of building thermal insulation, which are also taken into account in our evaluations
  • Consider building supervision: One factor that is often left out of the equation is services surrounding the restoration of a building, such as building inspection. This is absolutely necessary in order to coordinate all the trades involved and thus keep any interruption to operations as short as possible
  • Consider internal services: Own work also costs money. If in-house personnel contribute during design or construction, these costs are not negligible. We keep this in mind and take these services into account in our valuations
  • Used machines: Often an operation can be produced faster and more efficiently with used machines. Prerequisite for consideration in our documents is a corresponding market and thus rapid availability of used machinery
  • Rental and leasing items: Business equipment that is not owned by the company must also be taken into account in valuations
  • Machinery foundations: Even if one would not suspect it, machine foundations are not a component of the building from the perspective of property insurance and are accordingly to be attributed to the furnishing value
  • Planning costs: Planning costs should not be underestimated. In light of ever-increasing requirements and obligations, the effort required for the planning of new buildings is also increasing
  • Tools: Mobile work equipment also represents a significant accumulation of value in many companies
  • Own work: Analogous to own work in the case of building reconstruction, own work must be taken into account in the case of repairing, setting up or adjusting new machines.
  • Installations (allocation and ownership): Accurate allocation of installations and other parts connected to machines is essential. Often companies rent their halls and in case of damage, complicated discussions with the building owner can be avoided with appropriate prevention
  • Transport costs and customs duties: Often new machines and equipment components have to be imported. The costs for transport and customs should not be underestimated and are an essential part of our evaluations
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