Insurable Value & Replacement Cost

When people contact G & J Manfra Appraisals Inc. for insurable value appraisals it is to determine the insurable replacement value of their real and personal property assets this is generally used for proper placement, updating and proof of loss. This typically includes buildings, structures, site improvements along with contents and equipment. The results from our evaluations are used by our clients and their insurance carriers to determine the proper amount of insurance to be carried.

It is important to establish a replacement cost for existing property an asset that is the subject of valuation for insurance purposes. Replacement cost is determined by utilizing an appraisal technique referred to as the cost approach. By using a cost approach the value of an asset is determined by the current expense of building a similar asset.

For replacement cost services contact G & J Manfra Appraisals Inc today.