What does an insurance valuation involve?

It is a valuation of property for the purpose of replacement due to an insurable event such as a fire or natural disaster. An Acumentis valuation (also known as a replacement cost assessment) will make sure your building is insured for the full amount it would cost to replace, not just the replacement construction cost. Our experts will ensure all elements of replacement including building costs, escalation, demolition / removal of debris, re-design fees, application fees, and other professional fees are all considered and conform with current regulations. The value of land is not included in an Insurance Valuation as it is presumed that the land will still be intact after the insurable event.