We’re hosting a Q&A about equipment appraisals for litigation and family law in Healdsburg on Monday, May 21, 2018. If you’re in the area, we hope you’ll join us. For more information or to register for the event, click here Please visit our Attorney Support page to learn more about our services for the legal community….Read More
Equipment Appraisals for Insurance Claims
Equipment appraisals for insurance claims come in two categories: the equipment owner may need an equipment appraisal to engage with the insurance company, or an insurance company may request an equipment appraisal for fulfilling a filed claim. In both of these cases, standard operating procedure is to call the equipment appraiser after the damage has…Read More
Tax Appeals, Family Law, and Other Reasons to Get an Appraisal
Reasons for equipment appraisals are varied and multiple, as we discover each time we answer the phone here at our equipment appraisal office in the Sacramento Valley. Will the appraisal be used in a Redding trucking company’s attempt to settle a loss claim with an insurance company, to resolve a family law matter concerning a…Read More
Super Truck Appraisals
Equipment appraisal of “Working Class”–an award-winning customized Peterbilt 359 featured in series 10 of Super Truck limited edition CAT scale collector cards–opens up a new world of trucks for Sacramento machinery and equipment appraiser Jack Young, ASA, CPA. Featuring videos of Colin Stuart’s “Working Class” from YouTube and a link to Stuart’s printing systems transportation business Offset Service Corp. Read More
Appraisals for Insurance Purposes: Replacement & Reproduction Values
Appraisals for Insurance Reasons? Newly proposed updates to official Definitions of Values from the Machinery and Technical Specialities branch of the ASA include changes to the definitions of Reproduction Cost New & Replacement Cost New as they relate the the insurance industry. Please bear in mind as you read that none of these definitions have been officially accepted and some of the definitions are still being discussed. Read More
Proposed Update of Valuation Terms
American Society of Appraisers proposes new Definitions of Value as approved by the Machinery and Equipment Committee and American Society of Appraisers Board of Govenors. In particular, the Fair Market Value in Continued Use definition has been expanded to break out two different approaches to future earnings: Continued Use with Assumed Earnings v Continued Use with an Earning Analysis. Please bear in mind as you read that none of these definitions have been officially accepted and some of the definitions are still being discussed. Read More