The Risk Financing and Insurance department can perform detailed appraisal and valuation reviews on all classifications of real and personal property. These appraisals and reviews can be used for internal cost allocations, such as risk financing and insurance premiums. The service can be used to level set an appropriate value for owned or leased property, and other fixed assets (e.g. buildings, machinery, and personal property). The service can also assure that appraised insurable values are updated with respect to inflationary trends, as well as accounting for capital acquisitions and retirements. The department provides full-scope building insurance valuations, which include a physical inspection, capture of underwriting COPE data, and estimation of insurable value by major construction components. The scope of equipment/personal property insurance appraisals varies depending on the level of detail required for insurance underwriting and allocation purposes.