Our Program

The main purpose of an insurance appraisal is to provide an estimate for replacement cost. We refer to this as The Cost of Replacement New (CRN) and it comprises the following:

• The structures including foundations, frame, exterior & interior walls, roof structure, roofing, interior finishes, HVAC, electrical, lighting, fire protection equipment, and elevators.
• The site improvements such as: pavement, curbs, trees, grass, and fencing
• An allowance for demolition and removal costs
• An allowance to bring the original structure up to current British Columbia and Municipal Codes for fire protection, parking, and handicapped access.

The appraisal also includes photographs, construction details, description of assets included, description of assets excluded, appraisal process described, and replacement cost conclusion.

We provide multi-year appraisal programs for our clients. The cost of the appraisal includes the initial appraised value, plus free annual updates, that will be forwarded to years subsequent to the original appraisal.