At Strata Reserve Planning, we provide high quality Insurance Appraisal reports that meet the Strata Property Act as well as the needs of the Strata Corporation. The purpose of an insurance appraisal is to provide an estimate for the full Replacement Cost New (RCN).
- All buildings including the foundations, exterior walls and building envelope, the roofing system, the interior finishing, elevators, the electrical and mechanical systems, fire protection equipment, and parking. This also includes all common assets owned by the Strata Corporation, such as furniture, appliances and gym equipment;
- Site improvements such as roadways and driveways, landscaping, playgrounds, and fencing;
- Bylaw endorsements which account for changes in fire protection, parking, and handicapped access; and
- An allowance for Demolition and Debris Removal so the fire damaged improvements can be removed and the new construction started.
As with the Depreciation Reports, we believe that Accurate Physical Inspections, combined with Informative Analysis, leads to Reliable Appraisals. When we inspect the property, we note the construction details, and take photographs so that the Strata Corporation has proof in case of a loss. Appraisals are made by members of the Appraisal Institute of Canada (AIC) so Strata Corporations know they are receiving reports that are prepared by qualified individuals.
GET AN INSURANCE APPRAISAL AND DEPRECIATION REPORT DONE TOGETHER AND SAVE 25% – 50% ON THE INSURANCE APPRAISAL