Thanks to steady advances in technology, risk managers now have access to a wider range of cost-effective appraisal and valuation options that may be ideally suited to their immediate needs and resources, industry and the location and nature of their operations. (Credit: boonchok/Adobe Stock) Thanks to steady advances in technology, risk managers now have access to a wider range of cost-effective appraisal and valuation options that may be ideally suited to their immediate needs and resources, industry and the location and nature of their operations. (Credit: boonchok/Adobe Stock)

Risk managers planning their next property insurance renewals should start the process this year with a thorough assessment of their insured values — not only of their real estate portfolios, but also with respect to their equipment and inventory of finished goods, raw materials and components.

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