In the advent of a fire or any other incident causing physical damage to your assets, you need to be well informed and properly insured. If you are in a position where you may rapidly replaced your assets with comparable goods, you shouldn’t be paying for “cost replacement new” premiums. But should it prove to be difficult to replace the assets with used goods within a reasonable timeframe, you will then need to acquire the assets directly from the manufacturer at a higher cost.
How well do you know the secondary market?
For a thorough and satisfactory insurance coverage opinion of Value, Genest Industrial Appraisal will establish the replacement cost of your assets, plants, buildings and machinery, taking into consideration costs related to the transportation, machinery installation, power feed wiring, start-up as well as administrative, architectural and engineering expenses.