{"id":12420,"date":"2010-09-01T20:54:20","date_gmt":"2010-09-02T00:54:20","guid":{"rendered":"https:\/\/www.certitrek.com\/nebb\/determining-insurable-value-for-equipment-and-machinery\/"},"modified":"2022-12-29T07:27:31","modified_gmt":"2022-12-29T12:27:31","slug":"determining-insurable-value-for-equipment-and-machinery","status":"publish","type":"post","link":"https:\/\/www.certitrek.com\/nebbinstitute\/blog\/determining-insurable-value-for-equipment-and-machinery\/","title":{"rendered":"Determining Insurable Value for Equipment and Machinery"},"content":{"rendered":"<div class=\"fusion-fullwidth fullwidth-box fusion-builder-row-1 fusion-flex-container nonhundred-percent-fullwidth non-hundred-percent-height-scrolling\" style=\"--awb-border-radius-top-left:0px;--awb-border-radius-top-right:0px;--awb-border-radius-bottom-right:0px;--awb-border-radius-bottom-left:0px;\" ><div class=\"fusion-builder-row fusion-row fusion-flex-align-items-flex-start\" style=\"max-width:1144px;margin-left: calc(-4% \/ 2 );margin-right: calc(-4% \/ 2 );\"><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-0 fusion_builder_column_1_1 1_1 fusion-flex-column\" style=\"--awb-bg-size:cover;--awb-width-large:100%;--awb-margin-top-large:0px;--awb-spacing-right-large:1.92%;--awb-margin-bottom-large:0px;--awb-spacing-left-large:1.92%;--awb-width-medium:100%;--awb-spacing-right-medium:1.92%;--awb-spacing-left-medium:1.92%;--awb-width-small:100%;--awb-spacing-right-small:1.92%;--awb-spacing-left-small:1.92%;\"><div class=\"fusion-column-wrapper fusion-flex-justify-content-flex-start fusion-content-layout-column\"><div class=\"fusion-text fusion-text-1\"><p>It is important for any type of business to carry various forms of insurance that can cover a business owner in case of damage to the company\u2019s property and equipment. Although an insurance company will establish its own value of the business\u2019s assets to determine a necessary amount of coverage, it is important that the business owner also establishes his or her own insurable value of the assets. The insurable value of assets can be used by businesses and their insurance providers to determine how much insurance should be carried.<\/p>\n<p>By determining insurable value, a <a href=\"http:\/\/nebbinstitute.org\/\">certified machinery and equipment appraiser<\/a> can help a business determine the proper amount of insurance to be carried. Documenting insurable value of a business can also be helpful for a company interested in borrowing money. Knowing this value can give a lender additional peace of mind because the lender will know that in the event of a catastrophe, the insurance held will assist in the business\u2019s recovery.<\/p>\n<p>By: <a href=\"https:\/\/www.certitrek.com\/nebb\/\">NEBB Institute<\/a><\/p>\n<\/div><\/div><\/div><\/div><\/div>\n","protected":false},"excerpt":{"rendered":"<p>It is important for any type of business to carry various forms of insurance that can cover a business owner in case of damage to the company\u2019s property and equipment. Although an insurance company will establish its own value of the business\u2019s assets to determine a necessary amount of coverage, it is important that the [&#8230;]<\/p>\n","protected":false},"author":12,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[41,130,35,37],"class_list":["post-12420","post","type-post","status-publish","format-standard","hentry","category-uncategorized","tag-cmea","tag-insurable-value","tag-nebb-institute","tag-nebbi"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v19.4 (Yoast SEO v19.13) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Determining Insurable Value for Equipment and Machinery<\/title>\n<meta name=\"description\" content=\"By determining insurable value, a certified machinery and equipment appraiser can help a business determine the proper amount of insurance to be carried.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.certitrek.com\/nebbinstitute\/blog\/determining-insurable-value-for-equipment-and-machinery\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Determining Insurable Value for Equipment and Machinery\" \/>\n<meta property=\"og:description\" content=\"By determining insurable value, a certified machinery and equipment appraiser can help a business determine the proper amount of insurance to be carried.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.certitrek.com\/nebbinstitute\/blog\/determining-insurable-value-for-equipment-and-machinery\/\" \/>\n<meta property=\"og:site_name\" content=\"NEBB\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/NextLevelPurchasing\/\" \/>\n<meta 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