Quote:
Originally Posted by Martin Sheridan
There is a built in conflict of interest when firms charge a percentage of the value they write.
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I think depends a little on the purpose of the valuation. The "valuation" amount could be the insurance value, or the estimated sale value, and those values may not be even close. Often a customer will not necessarily want an appraisal, but merely a "valuation" for a certain sum for insurance purposes.
In fact, it could be argued that there is a credibility issue when firms DON'T charge a percentage of the value they write ... it's easy to add a zero to keep a customer happy.
PS violins still all look the same to me ...