Insurance Cost Reports provide you with the accurate, detailed valuations you need to ensure your residential/commercial buildings, specialty buildings, machinery & equipment are adequately covered in the event of a loss.
We are certified appraisal company which provides Appraisal Institute of Canada (AIC) and American Society of Appraisers (ASA) appraisals on all types of Machinery & Equipment appraisals.
Protect Your Investments with Accurate Valuations
At Absolute Appraisals & Consulting Inc., we understand the importance of safeguarding your business & personal assets. Whether you're a business owner, banker, investor, insurer or homeowner, our Insurance Cost Reports provide you with the accurate, detailed valuations you need to ensure your residential/commercial buildings, specialty buildings, machinery & equipment are adequately covered in the event of a loss.
There are several types of insurance reports designed to address different aspects of property valuation and risk assessment. These include: Replacement reports, Reproduction reports, Actual Cash Value reports (Depreciation) reports, Loss reports (flood, wind, fire), Condominium reports and Specialized reports. Each type serves a specific purpose, ensuring that you have accurate and tailored information to meet your needs.
What Is an Insurance Replacement Cost Report?
The most common Insurance Replacement Cost Report offers a precise valuation of your assets based on their current replacement cost. This is not the same as market value or depreciated value—it is the cost to replace an asset with one of like, kind and quality at today’s prices. This service is essential for ensuring your insurance coverage aligns with the actual costs of replacing vital business & personal assets.
Why Choose Absolute Appraisals?
With over 30 years of experience, Arlene Blake, CRA, P.App, is a trusted expert in insurance cost consulting reports. Our reports are:
- Comprehensive: We assess every aspect of your assets, ensuring accuracy and relevance.
- Recognized by Industry Leaders: Trusted by insurers, lenders, business professionals and homeowners across Owen Sound, Grey/Bruce Counties, Hamilton, and Niagara Regions.
- Customizable: Tailored to meet your unique needs, whether for insurance purposes, lender financing, or estate planning.
Who Benefits from Insurance Cost Reports?
Our reports are invaluable for:
- Business Owners & Homeowners: Ensure your business & personal buildings, machinery, equipment and other assets are insured for their actual costs.
- Bankers and Lenders: Validate the value of collateral to secure loans or investments.
- Investors: Gain confidence in the valuation of assets tied to your investment.
- Insurers: Obtain precise cost data for accurate policy coverage.
- Legal and Estate Professionals: Use our detailed reports for litigation, taxation, liquidation, or estate settlements.
Our Process
- Consultation: We start by understanding your needs and goals.
- Asset Evaluation: Our team conducts thorough inspections and data analysis.
- Market Research: We use up-to-date costing data to determine the costs.
- Report Delivery: You receive a clear, comprehensive report with actionable insights.
Frequently Asked Questions
Why are insurance cost reports important?
Having an insurance cost report is crucial for several reasons including accurate coverage, compliance with policy requirements, risk management, peace of mind and specialized needs avoiding disputes
What types of assets can be appraised?
We specialize in residential & commercial buildings, historical buildings, machinery & equipment. However, we can evaluate a wide range of assets based on your requirements.
Get Started Today
Protect your business and its future with our Insurance Cost Reports. Contact us today to schedule a consultation or learn more about how we can help you make informed decisions.