You may have heard the term “replacement value” used in reference to your home or business, but what does it really mean? A replacement valuation is an estimate of how much you can expect to receive if your property were damaged.
This report is typically made before the damage has been repaired and is based on an appraisal of what you need or lost in the event of a loss. Before repairing anything new, and without knowing just how much something like that failure would cost, many homeowners choose to wait for the insurance replacement valuation.
Insurance Replacement Valuations by Accord Appraisals are designed to estimate the value of your individual property based on current market conditions. It’s also intended to help you determine how much you’ll receive if you sell your home or business or if it has been damaged by a fire or natural disaster.
Our team of loss adjusters and appraisers have a lot of experience in the field, and our Insurance Valuation Services can help you with all your insurance claims.
Our specialists can provide you with replacement valuations before repairs are even made – you just need to make sure that you request a replacement valuation early on. We guarantee this will be the easiest way to get a good idea of your next steps.
We’ll give you the peace of mind that comes from knowing your family will be financially secure in the event something happens to your property.
For more information on replacement valuations or any of our other services, please feel free to contact us. Our friendly staff is always there to help you with your appraisal needs. Please visit https://accordappraisals.com.au/services/insurance-replacement-valuation/
