ACWA JPIA Property Appraisal Program

ACWA JPIA has partnered with Centurisk to deliver professional property appraisals aligned with the Uniform Standards of Professional Appraisal Practice (USPAP) and verified asset data directly within RiskStar.

USPAP establishes nationally recognized ethics and performance standards for professional appraisers in the United States. Alignment with these standards supports valuations that are consistent, transparent, and defensible, with clear documentation of methods, assumptions, and supporting data.

The Appraisal Program is a bundled component of the ACWA JPIA Property Program and is provided at no additional cost beyond the property program contribution.

Program Overview

The Property Appraisal Program aids members through independent valuations, a verifiable documentation record, and direct integration with ACWA JPIA’s property coverage program.

Appraisals are completed on a rolling five-year interval to help keep property schedules current. Thresholds and methodology are reviewed at the conclusion of each cycle to reflect market conditions, construction cost trends, and program needs.

Field appraisers collect measurements, photographs, and key asset attributes, then develop valuations in accordance with USPAP standards. Results integrate directly into RiskStar, supporting transparency, version tracking, and efficient updates. This inspection-based approach produces verified valuation data that reinforces reinsurer confidence and supports the continued stability of the Property Program.

Members receive a concise report package summarizing methods and results while retaining the asset-level detail needed for audits, board materials, and internal review.

Scopes & Thresholds

Included Assets: Buildings and Fixed Equipment

$500,000 and Above: Individually appraised assests with full data capture, photography, and documentation.

Below $500,000: Assets validated by category and location to support schedule accuracy and completeness.

Targeted Reviews: Upon request, targeted valuation reviews may be conducted for assets below $500,000 to confirm data quality and apply appropriate trending. Results are reflected in RiskStar and summarized back to the Agency.

Participation & Responsibilities

Participation in the ACWA JPIA Property Appraisal Program is optional.

Members who do not participate remain responsible for maintaining and supporting the replacement cost values reported on their Statement of Values, including documentation demonstrating that values are reasonable, current, and defensible.

Upon confirmation of nonparticipation, ACWA JPIA will provide approved, member led validation pathways to support this requirement.

As a best practice, supporting documentation may include recent appraisals, construction cost records, engineer estimates, or recognized cost benchmarking resources.

What to Expect

Before the Visit: When your appraisal cycle approaches, ACWA JPIA will contact your designated representative to confirm participation and coordinate an appraisal date. Member cooperation in accommodating the proposed visit is expected to support program timelines and valuation integrity.

During the Visit: During the on-site review, the team documents measurements, photographs, addresses, GPS coordinates, and key risk and asset data.

After the Visit: Following fieldwork, valuations undergo a multi-step quality review. ACWA JPIA, in coordination with your team, verifies results for accuracy and completeness before finalization. Updated values are posted to RiskStar, and the final report package is shared for your records. This process repeats every five years to ensure property schedules remain current, defensible, and transparent.

Member Preparation Checklist

  • Accommodate the proposed appraisal date(s).
    Member availability to support the scheduled visit is expected. Appraisal visits should not be postponed due to internal scheduling preferences once dates are proposed and confirmed.

  • Assign an on-site lead for access and coordination.
    The on-site lead is responsible for providing physical access to the assets identified for appraisal. An operations representative is preferred but not required.

  • Ensure site access is arranged in advance.
    Access to gates, secured rooms, buildings, and remote facilities should be coordinated ahead of the visit to avoid delays or incomplete inspections.

  • Provide safety and access requirements prior to arrival.
    Site safety orientation information, PPE requirements, and access protocols must be communicated in advance.

  • Provide technical documentation as required.
    Supporting documentation is preferred at the time of the visit; however, materials may be provided following the appraisal and should not delay or prevent the scheduled visit.

  • Accommodate the proposed appraisal date(s).
    Member availability to support the scheduled visit is expected. Appraisal visits should not be postponed due to internal scheduling preferences once dates are proposed and confirmed.

  • Ensure site access is arranged in advance.
    Access to gates, secured rooms, buildings, and remote facilities should be coordinated ahead of the visit to avoid delays or incomplete inspections.

  • Provide technical documentation as required.
    Supporting documentation is preferred at the time of the visit; however, materials may be provided following the appraisal and should not delay or prevent the scheduled visit.

  • Assign an on-site lead for access and coordination.
    The on-site lead is responsible for providing physical access to the assets identified for appraisal. An operations representative is preferred but not required.

  • Provide safety and access requirements prior to arrival.
    Site safety orientation information, PPE requirements, and access protocols must be communicated in advance.

Member Resources

Member Property Schedule

ACWA JPIA Property Appraisal Program Overview

ACWA JPIA Property Appraisal Program Preparation Guide

ACWA JPIA Property Appraisal Program Alternative Appraisal Pathways

Centurisk Appraisal Services Overview

For questions or to coordinate your appraisal visit, contact ACWA JPIA at member@acwajpia.com. Our team is available to assist with scheduling, site access coordination, and any preliminary questions to ensure your appraisal process is efficient and accurate.