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Getting Insured Values Right: The Need for an Appraisal

Comparing construction cost increases with Canada's rate of inflation.

About This Publication

Since 2020, construction costs in Canada have been rapidly changing.  During the same period, the rate of inflation in Canada has also experienced an upward trajectory. However, the rate that construction costs are increasing far outpaces that of inflation.

It is for this reason that a professional insurance appraisal is the only reliable solution for determining the optimal coverage amount for your property insurance.

What’s Inside

  • A look at the Canadian inflation rate versus annual increases in constructions costs
  • Case studies that illustrate how relying on the rate of inflation for property insurance values can leave you at risk