FAIR Launch Draft
Insurance Value vs Fair Market Value: Clear Guide
Insurance value and fair market value are different valuation contexts; using the wrong one can create underwriting or filing friction.
- Insurance context is for coverage decisions.
- Fair market value context is for tax/legal defensibility.
- Use one intake set but purpose-specific final deliverables.
- Can one basis satisfy all stakeholders? Rarely.
- What can stay consistent between reports? Item facts and condition evidence.
- What should differ? Purpose statement and conclusion framing.