Client advice
Bring the machine and its context into discussions about value and cover.
For brokers
Give clients a clearer basis for machinery value.
Worthify helps brokers move beyond unexplained figures by making the asset and supporting evidence visible in conversations about cover, risk and value.
Decision context
Where machinery value enters the conversation.
A value is easier to assess when its asset, purpose and assumptions are clear.
Coverage discussions
Separate the asset details from the assumptions behind a stated figure.
Claims preparation
Keep the valuation question understandable when circumstances change.
Questions to keep in view
Start with what the decision needs to answer.
- 01
Does the description match the machine?
- 02
Are the comparisons genuinely relevant?
- 03
Can the client follow how the figure was reached?
Evidence in practice
A practical first request for a machinery conversation.
Ask for enough detail to identify the asset and understand the decision. The relevant information depends on the machine, insurer and policy; this is a starting checklist rather than a universal requirement.
- 01
Identity
Make, model, year, serial or fleet identifier, and the market or location where the machine is used or offered.
- 02
Configuration
Boom, stick, bucket or other attachments, track or tyre setup, capacity, and any material changes from the standard machine.
- 03
Use and condition
Reported hours, service records, inspection notes, known repairs and clear photographs of the machine and material components.
- 04
Decision context
The policy or schedule, requested basis of value, relevant date and the question the client needs the information to support.
Where information is unavailable, record that gap rather than filling it with an assumption. Confirm the insurer's requirements and the terms of the specific policy or schedule.
Equipment context
Explore the machinery.
Start a conversation
Talk through a client or coverage question with Worthify.
Describe the asset, the decision and the information you already have. We will take it from there.