Insurance appraisals are necessary to estimate the current replacement cost of a property to assist in securing the appropriate amount of insurance. Phung Horwood ensures an accurate valuation of improvements to protect clients from over or under insured assets.
Insurance valuations require the appraiser to have knowledge and understanding related to demolition costs, construction methods and costs and bylaw upgrade requirements. Our appraisers have extensive experience and knowledge in completing this type of appraisal and are able to complete your report in a timely and comprehensive manner.
All of our Insurance appraisals include Replacement Cost New, Site Improvement Costs, Demolition and Debris Removal Costs and a discussion of potential Bylaw deficiencies.