A Replacement Cost Appraisal estimates the cost to replace or rebuild the insured property with comparable utility, based on current construction costs, materials, labour, professional fees, demolition, debris removal, and other relevant cost considerations. It is not the same as a market value appraisal. Market value reflects what a property may sell for in the open market, while replacement cost is focused on the estimated cost to rebuild or replace the insured improvements.

If you are not sure if you are underinsured, or if you are having a dispute with an insurance company as to the amount of compensation, we can provide current building cost or retrospective building costs for a variety of agricultural, commercial and residential buildings.