A statement of values (SOV) is a declaration to insurance providers indicating which properties your entity intends to insure. For risk management professionals concerned about property risk exposures, an up-to-date, accurate SOV is critical.
Maintaining basic information and insurable values alongside detailed property data can help ensure your organization is receiving the proper insurance coverage at the best rates. Here are three ways you can ensure your SOV is working for you.
The Value of Basic Building Information