Next Step Guide - Get the right replacement cost estimate

Is your commercial or residential property over-or under-insured?

Chances are that it is, given that research indicates some 75% of commercial buildings are underinsured, and professionals who assess building replacement costs frequently find instances of properties that are over-insured.

This guide can help you secure a timely, accurate replacement cost estimate by a qualified professional so you can be confident that should a loss impact your property, the insurance in place will cover the replacement cost and prevent liability claims.

In this guide, we will cover:

• What exactly a replacement cost estimate is and how it differs from a property valuation

• Risks and opportunities: why having a current, accurate assessment is so important for you and your property

• Five best practices for establishing the right insurable value

• Special considerations for condominiums/apartments

• Frequently asked questions