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Insuring Your Property to its Full Replacement Cost

The only way to determine if your property is adequately insured in the event of a total loss is to obtain an annual insurance appraisal.

About This Publication

All property owners should obtain regular insurance appraisals in order to protect their biggest asset. An insurance appraisal ensures your property, whether that is your home or your business, is insured to the full replacement cost value in the event of a total loss. 

Without one, owners could be left at significant risk of underinsurance or liable for losses suffered by others. 

What’s Inside

  • Three case studies, which we call The Good, The Bad, And The Ugly
  • Why you need to update your replacement costs on an annual basis
  • What can happen without an up-to-date appraisal prepared by a professional, third party firm
  • Whether your condo or strata is compliant with provincial legislation