Insurance valuation is the valuation of insurance cover of a property, an asset or other things which can be insured. It is mainly a risk or safety management used to hedge alongside the risk of unforeseen loss. The policy holder or insurance holder buying the insurance policy whereas policy seller is known as insurance carrier. Insurance valuation state the replacement value of your property keeping your insurance happy. The amount of money to be charged for a certain amount of Insurance coverage is called the premium. Insurance valuation provides evidence regarding evidence cost. Insurance valuation approve casualty insurance coverage is acceptable to rebuild the property in event of casualty. The objective of an insurance valuation is to provide satisfactory finance to replace the physical property destroyed by a loss.