An Insurance Expiration is an agreement made with an insurance firm and the insured which commits that certain information on the details of a policy, either the property or liability form, will not be shared with any agent or broker other than the originating agent. Ownership of an Insurance Expiration is an intangible asset which grants exclusive entitlement to the potential economic benefits. Insurance Expiration qualifies as an intangible asset because it can be recognised, separated, and the associated economic benefits reliably measured. Intangible assets are a class of assets without physical form (such as a building) yet can generate significant value to the owners. To value the fair market value insurance expiration, business valuators apply techniques under the income, market and asset methods.