ME185-Appraisal 101 for Marine Surveyors, Attorneys, Insurance Underwriters and Adjusters Webinar Recording
Recorded On: 10/10/2023
This webinar is intended to be a primer for Marine Surveyors and other maritime professionals who are involved with developing, or utilizing, appraisal values on marine assets.
We will go into the three methods of appraisal values (sales comparison, cost and income) and how they may apply to different types of vessels. This will include a discussion of using marine "blue books" and what method they fall under.
We will go into USPAP and those items necessary to include in development of an appraisal and a report based upon parts 7 & 8 of the current USPAP.
The discussion will include commonly seen "red flags" when doing an appraisal review on another appraisal report.
We will include redacted report examples of compliant, and non-compliant reports.
We will discuss what non-appraisal professionals (adjusters, underwriters and attorneys) should look for in a survey and/or appraisal report.
We will discuss how to make a current survey appraisal (commonly referred to as a Condition and Valuation Survey) a USPAP compliant appraisal report.
We will cover appraisal certifications.
Marine Surveyors, Attorneys, Insurance Agents and Adjusters
General Webinar Information
Login to ASA's webinars are through your Education Dashboard on the ASA website. In addition, this presentation will not be recorded or made available post-webinar for purchase via the ASA Marketplace
To ensure the best ASA webinar experience, be sure to download the Zoom app on your device before the webinar begins.
Continuing Education (CE) Information
This webinar will award 2.4 CE hours.
If you are a designated member of the American Society of Appraisers, CE credit will automatically be entered into your record ONLY if you participate in the live webinar. Please allow approximately 2 weeks post-webinar for ASA to notify participants via email regarding a certificate of completion.
Upon completion of this webinar, attendees will be able to:
Introduce important appraisal definitions Demonstrate the three appraisal approaches and their application for valuing marine assets
Provide the minimum content that a Marine Survey needs to contain in order to be USPAP compliant
Describe what an appraisal reviewer looks for when reviewing other Marine Survey / Appraisal reports
Identify what a non-appraisal marine professional needs to be looking for in a Marine Survey / Marine Appraisal
Marine Surveyors as Appraisers
Three Methods of Appraisal Values and How They Apply to Marine Assets
Parts 7 & 8 of the current USPAP
Appraisal Best Practices
"Red Flags" Seen During Appraisal Reviews
What a Non-surveyor Marine Professional Should be Looking for in a Marine Survey / Appraisal