What we do
An insurance appraisal determines a property’s total insurable value for the purpose of replacement cost insurance. Our detailed and accurate appraisal reports ensure property owners are paying correct premiums and are appropriately insured.
Our insurance appraisers are experts in our field, having completed more than 60,000 appraisal reports in over 100 cities across Canada. Learn why owners, property managers, and insurance brokers choose Normac.
STANDARD INSURABLE UNIT DESCRIPTIONS
A standard insurable unit description (SIUD) defines which components of a unit are to be treated as “standard” (insured by the condominium corporation) or as “improvements” (insured by the unit owner).
In response to Alberta’s updated Condo Act, Normac now offers SIUD services to support condo corporation’s compliance efforts. Discover how Normac can provide clarity for your condo corporation by determining the standard fixtures and finishings for each unit class.
The Normac Difference
Replacement Cost Experts
For over 20 years, Normac has been producing highly specialized replacement cost reports. Our experienced appraisal team undergoes extensive training in appraisal ethics, procedures, and theory. Our team consists of accredited members of the Real Estate Institute of British Columbia (REIBC), the Real Estate Institute of Canada (REIC), and are in good standing with the Appraisal Institute of Canada.
Unparalleled Customer Service
We maintain the core belief that our relationships with our clients underpin all aspects of our organization. Our client services team is proactive, prompt, and professional. They are there at every step of the appraisal process, dedicated to creating a smooth and efficient experience for you.
Advanced Technological Systems
Being an industry leader requires more than the best product and people, it also demands the best technology. Normac is committed to growth and innovation through the ongoing enhancement of our custom costing database, implementation of agile CRM tools, and leveraging automation to increase efficiency.