Valuers and loss assessors value property and various goods and assess losses covered by insurance policies.
(a) Tasks include -
determining the quality or value of raw materials, real estate, industrial equipment, personal and household effects, works of art, gems and other objects;
assessing the extent of damage or loss and liabilities of insurance companies and underwriters for losses covered by insurance policies;
obtaining records of sales and value of similar items or property;
inspecting items or property to evaluate condition, size, and construction;
preparing reports of value, outlining the estimation factors and methods used.
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