Valuation

03.18.08

Law and Practice
Valuation (0)
Law The basis of amounts of insurance for commercial real estate properties is established in Russian legislation as the actual value of the property at its location on the day the insurance agreement is concluded. In addition to this, legislation is clear that insurance amounts in excess of this value are invalid, and insured amounts lower than the actual value can subject the contract owner to reimbursement of a proportionally lower recovery amount. The most obvious issue is that the Civil Code and related regulations do not provide any definition as to what “actual value” really is. Common sources for establishing actual ...
03.18.08

An Appraisal Report: What must it contain?
Valuation (0)
Last month in this column, we looked at the requirements of appraising for financial reporting purposes. We learned that the most important element of appraisal reports is the clear, market-based support that the appraiser provides for the value conclusions that he puts forth. This month we look a bit deeper at appraisal reports and what they must contain according to existing appraisal standards and generally accepted practice. Continue Reading...

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