Valuation & Insurance Risk Cover Advisory Services
Assessing the current value of properties is essential to acquire its actual worth. Our team of professionals, which include Chartered Accountants and Engineers, conduct all types of valuations through a detailed evaluation process to ensure efficient property coverage.
GIC and public sector underwriters, corporate companies, banks as well as insurance brokers seek opinions from our experts for professional counsel. Some of them are well-known names in their respective industries. The course of action we undertake in valuation for risk coverage are stated below:
Conducting risk inspections of assets to identify the various risk exposures
Studying the entire business process of an organisation to understand their insurance cover requirements
Carrying out the valuations of the assets including buildings, plant and machineries, stocks and other properties, and suggesting the adequate sum insured for each property
Suggesting the available insurance covers, for the risk exposures of the organisation, under the Fire, Consequential Loss, Marine, Miscellaneous, Engineering and other policies
Conducting policy audits for Banks and Corporates to help provide a better cost-benefit scenario vis-à-vis their insurance needs and identifying their risk exposures and suggest possible covers
Insurance consultancy and auditing to ensure adequacy of coverage of Bank's interest in Funded Assets (such as stocks, plant and machinery, buildings, etc. forming prime or collateral security under the bank's lending portfolio)
Advising some of the leading insurance brokers on various fronts including reinsurance systems and their overseas business
Magus has rendered services to banks and insurance companies for evaluating properties like real estate, plant and machinery, vehicles, stocks, goodwill, etc. We have also assessed large Business Houses with total values ranging between Rs.100 Crores and Rs.500 Crores.
It is wise to understand what policy will exactly be suitable for you. Therefore, before you make a decision, contact our consultant and be assured of choosing the best option for you.
“Cargo claims are complex. With so many interests and authorities involved, there is a need for something beyond just an insurance solution. Magus provided us just that! A turnkey solution to all claim related issues. With a professional team boasting all kinds of insurance expertise, Magus has what it takes to deliver on large, complex claims.”
Capt A. K. Bhattacharjee
Gateway-Distriparks