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Property Valuation US Market Update

After several years of inflation that saw equipment and construction costs go up roughly 40%, inflation has eased. This is good news for businesses and property owners that have engaged valuation services during their renewal and marketing efforts.

The easing of inflation is a welcome relief for insurable property values which remain critical for determining adequate coverage.

After several years of inflation and cost increases, construction and equipment costs remained relatively stable in 2024. While carrier challenges to reported property values have not disappeared, the nominal rate of cost increase has certainly been welcomed during renewals and is expected to continue.

In our market update video, a brief look at the ways property values remain important: