your assets are more than just a number

 
 

Our experience in the insurance industry allows us to be effective in assessing not only the values for insurance purposes but also to report observed instances of risk management concern. Having produced reserve fund studies for condominium and non-profit corporations since 1982, we have extensive experience in estimating the remaining life of buildings, equipment and contents.

Because buildings more than a few years old may not comply with current codes, our appraisals since 1986 have included the cost required to bring the repair or replacement of these buildings to meet current codes.

We inspect all rooms in all buildings, noting features and items using the Quantity Survey Method, so that the resulting report is specific for each location.

Our reports include an appraisal page with values shown by major building component, based on a building details page outlining quantities and areas particular to that building, insurance drawing to scale showing exposures and sufficient colour photographs to show the exterior of the building. We retain digital photographs of the interior to assist with the adjustment of claims.

We also include recommendations to improve or correct observed deficiencies related to property, liability or crime hazards.

Key Elements of an LCCL Insurance Appraisal Report

  • Certificate of Insurable Values (according to client's policy wordings)

  • Civic and/or legal addresses

  • GPS coordinates provided for each location

  • Summary of all structures/facilities

  • Square footage of the building

  • Each building displayed in a scaled line drawing according to N.F.P.A. 174 standards

  • Detailed description of all construction material

  • Age of structure (if provided)

  • Quantity Survey Method of determining building values

  • Values Included for Bylaw Endorsement

  • General description and costing of contents (if required)

  • Thermal Image of all accessible breaker panels

  • Digital photographs of the exterior of buildings (usually as many as necessary to show the exterior)

  • Demolition or debris removal values

  • Loss prevention recommendations

 
 

Additional services

  • Risk Survey

    This is a report on individual buildings that provides the insurer with underwriting information

  • Condition Report

    This is a report that identifies substandard building component conditions with descriptions and photographs

  • Funding Report

    This report provides a 25 year projection of costs associated with the maintenance and upkeep of a building