Let us judge your property / casualty insurance, why you ask? Are you confident that the insurance broker, carrier or consultant has developed the correct amount of insurance you should carry on your buildings and contents (machinery and equipment, furniture and fixtures)? Or did you do this yourself, or with the help of others, and the insurance company said okay? This is the Statement of Values you, and only you, are responsible to provide. If you developed the values did the numbers come from factors applied to your fixed asset accounting record? This is very usually the wrong way to do it and the answers most often are way off. Or from where else or from whom did you get these numbers. Okay, let’s say all is perfect. But read on please. Are you relying on the fixed asset accounting record to prove the amount of a loss if one occurs, usually wrong again? Or, do you have a wonderful and perpetual inventory and valuation prepared in advance in case of a loss? Hope so. Note that the responsibility of proving one’s loss is directly the responsibility of the assured. The insurance company may not be your “friend” in this regard. It can get nasty. So let’s talk, we will tell you the “truth” which may make you