Apparatus Valuation

The Solution

We are offering our services to obtain and update the REPLACEMENT COST and ACTUAL CASH VALUE of all Emergency Response Vehicles and their Equipment.

So far, after appraising over 1100 municipalities, we have confirmed the situation and the solution. The next few pages will show the stats on what we found with the first 30. The equipment had been written for up to 146% BELOW the Actual Replacement Cost. The average wa 57% Underinsured. The graph shows the Underinsured Risk in red. The scale is in Millions. These results are typical.

Most of the agents have appraisals done on replacement costs of the six figure buildings that house the seven figure equipment. If a fire broke out in a station and all is lost, the building will be replaced. How about the apparatus?

We offer the solution to prevent this second catastrophe.