North Country Appraisals Group associate partner, Guardian Insurance Appraisals, now provides Replacement Cost Insurance Appraisals on Strata buildings and common property, single family dwellings, commercial and industrial buildings, institutional buildings and farm and agricultural properties.
A Replacement Cost Appraisal for insurance purposes is a detailed document that assesses the cost to replace a strata property in the event of damage or destruction. This estimate is crucial to assist strata corporations in determining the appropriate amount of insurance coverage needed to protect the property and its owners.
The Purpose of the Replacement Cost Appraisal is to determine an estimated full replacement cost of the property improvements of the subject property. Adequate insurance coverage is vital to avoid financial shortfalls that could lead to significant out-of-pocket expenses for strata owners. It will assist you in making informed decisions about insurance coverage, assisting to ensure that the property is neither underinsured nor over insured.
Our consultants have the following credentials:
- Accredited and Designated members of the Appraisal Institute of Canada
- Members of the Condo Homeowners Association
- Certified Marshall & Swift trained Residential Appraisers
- Certified Marshall & Swift trained Commercial Appraisers
- Structural Technologist
Contact Us for more information or to learn more about Replacement Cost Appraisals for insurance purposes.