Additional security for our clients - professional liability insurance policy at 1,000,000 EUR

Additional security for our clients - professional liability insurance policy at 1,000,000 EUR

West Properties has provided a professional liability insurance policy for one million euros for the operations of its Valuations Sector.

Although our team consists of professional valuers and associates, with rich experience, who perform their work conscientiously and responsibly, according to the law and principles of the profession, deserved trust of all clients with whom we cooperate, in this way we have strengthened even more on a stable basis of the so-called "Large policy".

We believe it is important to note that since 2017, when West Properties has had an Valuations Sector, we have not had problems caused by appraisal errors that would harm third parties, but with a policy that exceeds the statutory minimum amount of professional liability insurance, we want to provide a clear signal of trust to existing and future clients.

The importance of professional liability insurance

The importance of professional liability insurance lies in the fact that in addition to the security it provides to the insured during the performance of their activities, a third party also receives the insured payer of possible damages arising from the performance of activities, which instills confidence in business cooperation.

So far, the Valuation Sector of West Properties has been trusted by renowned financial institutions, such as: Credit Agricole Bank, Direktna Bank, Komercijalna Bank, OTP Bank, HalkBank, Societe Generale Bank, Raiffeisen Bank, Sberbank, Vojvodjanska Bank, API Bank, Mirabank; and there are also companies such as: Jelicic Law Office, SOT, Karan Co, El Cotto, Water Management Company South Banat and many others.

Efficient and expert analysis

West Properties expert team of valuers has extensive operational experience that allows efficient and expert analysis of real estate with all its contents, current or future purposes, planned investments.

We base our assessment on a detailed analysis of real estate and all its parameters: construction, urban planning, legal; then on a quality and regularly updated own database; and most important on extensive experience, independence, transparency and objectivity in drafting the report.

We conduct comprehensive assessment reports in accordance with the National Standards, Code of Ethics and Rules of Professional Conduct of a licensed valuer, as well as in accordance with the international assessment standards prescribed by RICS (Royal Institution of Chartered Surveyors) and IVSC (International Valuation Standards Council).

West Properties valuers hold a National License to conduct real estate appraisals. In addition to real estate valuation, we also make estimates of all types of movable property.

By the decision of the Minister of Justice No. 740-05-00388 / 2016-22, West Properties was entered in the Register of Legal Entities for Performing Expertise - Specialty Valuation. In our team, we have a court expert in the field of architecture who performs expertise in the field of architecture and urbanism based on the decision of the Ministry of Justice.

West Properties participates in the RICS and NUPS conference on September 9, 2020.

West Properties participates in the RICS and NUPS conference on September 9, 2020.

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