MOST COMPANIES
CARRY INSURANCE on their Buildings and Plant, often
at a cost of several thousands a year in premiums, however,
far too few take the necessary care to ensure that the
cover provided is adequate.
NPM (Pvt.) Limited is committed to tailoring valuations
to specific needs. Working with leading Bankers NPM
(Pvt.) Limited has pioneered valuation schemes of all
types of buildings and plant and machinery covering
a broad spectrum of organisations as well as various
Government departments, Local Authorities and Educational
bodies.
THIS IS NOT A PROBLEM,
unless the disaster that they are insuring against
occurs!
FOLLOWING A SERIOUS FIRE,
flood, storm or explosion Insurers appoint specialists
who will calculate the values of the Building and
Plant insured. Normally the Insurance policy requires
these to be insured at new like for like replacement
cost.
IF UNDER-INSURANCE IS REVEALED,
and all too often it is, then the policy holder will
be penalised by ‘the average clause’ and will only
be able to recover a proportion of the loss.
THIS COULD MEAN
that the company cannot recover enough from their
insurers to fully rebuild and re-equip. If the correct
insurance cover is in place – often involving only
modest additional premium – this problem does not
arise.
PLANT AND MACHINERY VALUATIONS
are always tailored to suit the individual requirements
of the client and a representative will visit your
premises to provide you with estimate and advice without
any obligation on your part.
