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Strata
Insurance Replacement Value Appraisals
Insurance Appraisals
STRATA
Insurance Replacement Value
The InspekTech Total Value Appraisal (TVA)™ is an Insurance Replacement Value Appraisal designed for Strata Boards and Strata Property Managers.
Serving
Property Management firms, Strata Boards, and Insurance companies all over BC.
3 Strata Service Options
(1) InspekTech® Commercial Standard report: A certified Replacement Value appraisal report that includes a site visit. This service does not include automatic annual updates via our ReCalc™ (though ReCalc™ updates may be ordered separately in proceeding years).
(2) InspekTech Commercial Std-PLUS™ report: A certified Replacement Value appraisal report that includes a site visit PLUS 4 years of annual updates via our ReCalc™ (automatically delivered on or prior to renewal) totaling 5 years of reporting.
(3) InspekTech® Desk Review: A certified Replacement Value appraisal report (does not include a site visit, can include annual updates via our ReCalc™ if desired).
Please contact us for a no obligation quote.
Type
Residential Strata (Multi-family/unit residential) and all Commercial Strata types such as: Retail-Residential mixes, Warehouse, Industrial, Manufacturing, Office and Mixed-Use, etc.
5-Star InspekTech® Service
With over 350,000 Strata units in British Columbia, InspekTech® is here to roll up our sleeves for you on the insurance appraisal front (Sources: Dolden Wallace Folick LLP and Province of BC, 2024).
The InspekTech TVA™ includes easy ordering and simple report distribution company-wide. Our reports are easy to follow, precise and of high quality. Reporting is developed in conformity with applicable Uniform Standards of Professional Appraisal Practice (USPAP) and/or the Canadian Uniform Standards of Professional Appraisal Practice (CUSPAP) and are Certified by InspekTech® designated Appraisers. We use industry renowned CoreLogic® Commercial Express™ as part of our reporting methodology.
Please contact us for a no obligation quote.
Insurance ReCalculations
The InspekTech ReCalc™ report is purposed to determine the current replacement value of a Strata or Commercial building, based on existing information gathered during prior onsite work.
Serving
Property Management firms, Strata Boards, and Insurance companies all over BC.
3 Strata Service Options
(1) InspekTech® Commercial Standard report: A certified Replacement Value appraisal report that includes a site visit. This service does not include automatic annual updates via our ReCalc™ (though ReCalc™ updates may be ordered separately in proceeding years).
(2) InspekTech Commercial Std-PLUS™ report: A certified Replacement Value appraisal report that includes a site visit PLUS 4 years of annual updates via our ReCalc™ (automatically delivered on or prior to renewal) totaling 5 years of reporting.
(3) InspekTech® Desk Review: A certified Replacement Value appraisal report (does not include a site visit, can include annual updates via our ReCalc™ if desired).
Please contact us for a no obligation quote.
Type
Residential Strata (Multi-family/unit residential) and all Commercial Strata types such as: Retail-Residential mixes, Warehouse, Industrial, Manufacturing, Office and Mixed-Use, etc.
5-Star InspekTech® Service
InspekTech® partners with CoreLogic® melding component update costing variables into our proprietary reporting for ITV Re-calculation updates.
Please contact us for a sample and no obligation quote.
Other
Commercial
In addition to Strata management, many property management firms also manage various sorts of commercial properties.
While there may be some overlap between Strata and Commercial types, our Commercial areas include: Large multi-family/unit residential, commercial strata, warehouse, industrial, retail, office + mixed-use, restaurants, motels/hotels, transportation & warehousing, distribution, manufacturing, forestry/wood operations, manufacturing (small-medium), farms & agriculture, and SME businesses & societies.
Please visit InspekTech® Commercial services to find out more.
InspekTech® | Appraisal Practice Standards
Analyses, opinions, and conclusions conducted by InspekTech® are developed, and our reports are prepared, in conformity with applicable Uniform Standards of Professional Appraisal Practice (USPAP) and Canadian Uniform Standards of Professional Appraisal Practice (CUSPAP).
InspekTech® reporting relevancy is in line with organizations such as AIC (Appraisal institute of Canada), CPPAG (Canadian Personal Property Appraisers Group, CPPA) and CNAREA (Canadian National Association of Real Estate Appraisers) which are all self-regulated and guided by a Uniform Standards Practice such as CUSPAP and/or USPAP.
InspekTech® has extensive internal risk management / loss control, ITV appraisal, building component, and inspection resources we refer to in any given report as may be needed, and reports are Certified by one or more accredited CPPA's. InspekTech® personnel come from backgrounds that include: Insurance-related (Commercial and Residential), property management (Strata), construction project management, property maintenance, appraisal supervisory roles, survey & photogrammetry, and business ownership and/or management. We Partner with industry leader CoreLogic® making extensive use of CoreLogic’s Commercial Express™ for typical Strata assignments and RCT Express® for smaller Residential Strata replacement value calculation data.
Delivering quality, leading edge inspection services to the insurance & finance industry at competitive rates since 2002, InspekTech® has conducted Commercial and Strata Insurance Replacement Value appraisals since 2006 with zero Replacement Value claims error history to date (for additional information, please read our expanded Appraisal Practice Standards page).
We hope the InspekTech® Team can serve you soon! For more details over the phone or in person, please contact us.