Engineering Insurance Replacement Appraisals
The business of insuring a business can be a complicated one. In order to become properly insured, most businesses should undergo what is known as a detailed engineering insurance replacement appraisal, sometimes abbreviated as a DEIRA. A DEIRA usually entails a comprehensive analysis of all of the potential costs of replacing an existing business structure exactly as it is on the date of the appraisal in the event of a natural disaster such as a flood or fire. By completing a professional DEIRA, businesses can alleviate the financial repercussions of underestimating the value of a property. This can potentially save a company tens of thousands of dollars in the event of a disaster.
What Does a DEIRA Involve?
During a DEIRA, an experienced appraiser will meet with you to go over the specifics of your property. He or she will perform a comprehensive inspection of the building as well as the surrounding land. They will also evaluate the construction design plans to provide an accurate assessment of the building. They will then perform an in-depth analysis on the data using complex programs in order to ensure the most accurate insurance appraisal of your business.
Why Let ELB Consulting Perform Your DEIRA?
ELB Consulting has an experienced group of specialists who know where to look to maximize your business’s potential cash flow opportunities. ELB Consulting will provide the most accurate appraisal of your property, taking into account all possible assets and leaving no stone unturned. We also provide comprehensive cost segregation analyses which can be combined with our DEIRA services to make sure that you receive the maximum amount of protection and access to cash flow. An accurate appraisal also equates to peace of mind for business owners, knowing that they will receive the proper coverage in the event of any unforeseen events.
Contact ELB Consulting today to speak with us about your insurance appraisal needs.