Appraisal for Insurance Purposes
Our valuation services for insurance purposes consist of a report establishing the replacement cost of the building and its land improvements. This report also suggests the excavation costs and insurance trustee fees to be considered in the event of a claim. Clients are thus well-equipped to determine the necessary insurance premiums and avoid inadequate protection or unnecessary overprotection.
Objectives and advantages of the appraisal report for insurance purposes
- Allows you to determine the fair coverage by taking into account the expenses to be incurred in the event of a major claim.
- Being able to rebuild in accordance with the then current standards without the worry of funds availability
- Helps you demonstrate to the co-owners that their condo board is responsibly managing the insurance coverage for the building.
- Makes it faster and easier to settle with the insurer in the event of a claim.
- Determine whether the building still complies with municipal zoning regulations.
- Draw up a physical (technical) description of the building.
Our other services
We will support you in the dispute and pre-filing negotiation process to ensure that you are paying your taxes on a fair basis.
Avoid cost overruns. This service allows the lender and the borrower to benefit from rigorous monitoring of the progress of the costs for buildings under construction or undergoing major renovations.
Comprehensive assessment of the condition and remaining service life of common areas, designed to protect the long-term value of the property and support proactive planning of major repair funding, in full compliance with Bill 16.
We handle several types of property assets (multi-tenant, commercial, industrial, land, institutional) for the purposes of mortgage financing, purchase, sale, liquidation, estate division, internal management, etc.
For reasons of public interest, the State can force an owner to transfer their property to it. Our team’s role consists of determining the indemnity—that is, the value of the expropriated property and the compensation for the damage resulting from the expropriation.
Thanks to our privileged relationships with a large number of real estate stakeholders, we can help you position your real estate project on the market.
At GDA, our team of recognized expert witnesses and qualified professionals
excels in guiding and advising clients through the complexities of real estate
litigation. We bring clarity and strategic insight to every case.