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Thursday, September 25, 2014

Advanced Training from ISA – How to Write a Broad Evidence Report

ISA’s Oct. 20 webinar on the broad evidence report is a perfect opportunity for ISA candidates for CAPP certification, as this type of report is now required for final peer review. But, don’t let that dissuade you if you’re not applying for CAPP certification. The one-hour, live webinar, explaining and clarifying the concept of the broad evidence rule, will be beneficial to all appraisers, regardless of previous experience in preparing complex broad evidence appraisals.

ISA Live Webinar: The Broad Evidence Report
6:00-7:00pm CT on Oct. 20
1 ISA Professional Development Credit
Members: $40.00   Non-members: $40.00
Presenter: Leon Castner, ISA CAPP
Register Now

What is the broad evidence rule? The broad evidence rule is used by insurance companies to determine the cash value to be paid out to the insured in the event of a claim. As opposed to using the traditional cash value (replacement cost minus depreciation), the broad evidence rule can take into account such factors as the age of the property, its tax value and any possible profits the item may have accrued. The broad evidence rule does not specify any one method to value any one piece of property, only that the means which most accurately display the true cash value of the property will be used.

Although a brief history of the concept will be stated during the webinar on Oct. 20, the presentation will be more pragmatic and provide suggestions as to how to perform the appraisal and how the report should be formatted. It will cover the who, what, where, when, why, and how of the process and seek to be clear, straightforward, and practical.

Following the presentation, there will be time for a Question and Answer session.

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