Enterprise Risk Management

Property Insurance Renewal- Underwriting Data Question

  • 1.  Property Insurance Renewal- Underwriting Data Question

    Posted 09-18-2012 09:40 AM
    Hello All,

    Each year, I go through the painful task of pulling together replacement cost values for our owned and leased premises. And each year, I categorize values into catagories for BUILDINGS, PROPERTY (furniture, etc.), EDP and MACHINERY.

    Now that I set you up, here is the question. In which of these categories does installation of a surveillance system go? Is it buildings as a "building improvement" or is it EDP as "Electronic Data Processing Equipment?"

    I struggle with this each year.

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    Linda Adams
    Area Insurance Risk and Contracts Manager
    Panalpina, Inc.
    Morristown NJ
    United States
    linda.adams@panalpina.com
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