Practice terms
News “News” as well as further information, which is important for valuations, appraisals, claims and the provision of expert opinions in expert activities in the field of “machinery, mechanical engineering, industrial equipment”.
Known how
When processing and professionally handling claims in the field of "machinery, mechanical engineering, plant and operating equipment", as a party and / or client you are often confronted with terms whose meaning is not familiar if you are not familiar with claims. Some terms are explained here.
Damage appraisal: Machinery, mechanical engineering - a little information

What does FEM (Finite Element Method) mean in engineering?
Part 1 – FEM briefly explained.

Deduction of new for old for liability damage with machinery
The benefit deduction for liability damage.

Insured sum and insured value in the event of a claim in mechanical engineering
Their importance in property insurance for industrial companies.

Expert procedure: Claims settlement & procedure for machines
It is a possibility to determine the amount of damage out of court in the event of damage, particularly in the case of major damage.

Determine cause of damage in case of machine damage
What steps are taken to determine the cause of the damage?

Procedure of the expert opinion
What steps are necessary when preparing an expert opinion in the area of “machines”?

Major damage to the industrial company
What steps are necessary in the event of a major loss?

Current value, new value, etc.: Definitions of values
Technical expert reports also determine different values.
The aim of these definitions is therefore to ensure transparent and comprehensible communication between the various actors. This should enable clients in particular to gain a comprehensive understanding in order to be able to make well-founded decisions and to be confident in the terminology.
Are you interested in the explanations of further terms and information about expert opinions on damage to and with machinery? If so, contact us and let us know what you would like to have explained in more detail.
Experience with over 2000 companies
Due to the many claims in recent years, comprehensive know-how is available in the processing of claims, processes and the associated special pressure and cost situations.