Tudor Valuations

Are your Clients properly insured in the event
of a disaster?

Replacement Cost Valuations

Why choose Tudor Valuations?

• 40+ years in the construction industry and 12 years doing Replacement Cost Valuations.
  
• Totally independent opinion
• We personally visit all buildings we are valuing (unless supplied with complete construction plans) and record the specific materials and building techniques applicable to your building.
• We carry Errors & Omissions Insurance
• Tudor is the only company in Atlantic Canada specializing in Replacement Cost Valuations.
• Tudor has completed Valuations on over 400 commercial buildings worth more than 300 million dollars.

Links

• WCL Bauld Insurance Brokers
• SNC Insurance
• Insurance Bureau of Canada

What is a replacement Cost Valuation?

A Replacement Cost Valuation, (RCV) is a report that sets out the cost to rebuild a particular building in the event of a total loss due to an insurable cause such as fire. Replacement costs are construction costs that are current as at the time of the Valuation. A current RCV is an essential aid to you, your broker and your insurer in determining the correct insurance value for your building.

You never know when your building could suffer a major or total loss. Are you fully covered in this
eventuality? Only a professionally prepared Replacement Cost Valuation can provide the peace of
mind that you are not over or under insured.

Why should you employ an Independent Replacement
Cost Valuator?

The probability of accurate insurance coverage on older buildings (5 years or older) is very low. From our experience only one in nineteen buildings were correctly insured. If you are over insured this will result in excess insurance premiums. If you are under insured you may be required to pay a substantial portion of any loss, frequently resulting in re-mortgaging of the property.

An independent valuator can provide you with a knowledgeable opinion of your building's value that is unbiased and is prepared based on your particular building style and construction techniques.

Why is the Replacement Value the only sensible measure when having my property insured?

The market value of a building is often confused with the Replacement Cost Value of a building. In the event of total destruction of a building, it must be rebuilt from scratch and for this purpose one would have to insure it for the actual cost of the building materials together with design, labour and other costs.