CEV’S NEW VIDEO GUIDE SIMPLIFIES INSURANCE AND LOSS ASSESSMENT FOR VALUATION ASPIRANTS
The Council of Engineers and Valuers (CEV) has unveiled an in-depth video guide tailored to professionals preparing for the IBBI Valuation Examination. This valuable resource provides clear explanations on the crucial topics of insurance and loss assessment, key knowledge areas for those aiming to become registered valuers under the Insolvency and Bankruptcy Code (IBC).
The video explores foundational principles of insurance, such as insurable interest and liability to insure, both vital for anyone involved in building or asset valuation. It also dives into the different types of fire policies, including reinstatement value policies and indemnity policies, shedding light on how they relate to risk assessment and valuation.
In a practical sense, the video equips aspiring valuers with knowledge of how factors like inflation, depreciation, and obsolescence impact insurance claims and valuations. These principles are essential for preparing accurate claims when damages are caused by insured perils, ensuring that professionals can provide reliable and fair assessments.
The guide also highlights the dynamic relationship between insurers and insured parties, underscoring the rights and obligations of each, making it a comprehensive primer for professionals entering the valuation industry.
With the IBBI Valuation Examination being an essential milestone for professionals looking to be part of India’s growing valuation sector, this video is a timely and crucial addition to the preparation resources available to aspirants. It not only covers theoretical knowledge but also offers practical insights that are indispensable for real-world application.
