Canada
Ireland
Summary: In this episode, we talk about the importance of valuations to understand the value of assets and keeping them up to date, especially in the current market conditions where material and manufacturing costs are constantly fluctuating. The valuation provides clients with a detailed report on their assets to support them in agreeing the correct sums insured and for the insurer in the event of a claim. Clients may be reluctant to get a valuation due to the cost, but they are important to establish the assets’ true value to avoid underinsurance and sometimes, over insurance. A professional valuation is often accompanied by additional benefits including expert advice on how to care for precious items and how to help them retain their maximum value over time. When choosing a valuer clients should practice necessary due diligence and ensure they select professionals that operate in the relevant field.
Quote: “Any luxury watch valued more than a year ago, or jewellery valued more than two years ago will most likely be underinsured. Your client’s items may also be over-valued, so it’s really important to have an accurate and up-to-date valuation.”
What's the value of a valuation?
Learn more about Doerr Dallas Valuations
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Run time: 14.40
About the guest:
Rachel Doerr, Founder and Managing Director of Doerr Dallas Valuations, an independent bespoke valuation company of fine art, antiques, jewellery, watches, and more.
About the host:
Sarah Willoughby, Art & Private Client Business Director at Ecclesiastical, leads the Art & Private Clients team and brings over 28 years’ experience in the high net worth sector. Sarah joined Ecclesiastical in 2016 after 16 years with Oak Underwriting, where she was Deputy Managing Director, and over the years has been involved in all aspects of the business, bringing a wealth of high-net-worth expertise and knowledge.