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Valuation For Insurance

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Kambo

Its a funny question to ask, but the easier way to answer would be to ask "How much would it cost you to replace what you have?" -

 

Sold prices (actual market value) and 'forum' prices (valuation prices) are actually not a world apart, you can look at the market and see what they are eventually selling for or go by someone else's guide/valutaion but end of the day the above statement runs true, there is no sale without a buyer, so if it costs you to X and Y to replace then you will find someone prepared to buy the outcome outright as they would've ended up paying the X and Y to get what they want - hence the market value

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