Insurable Values
Your insurer may require a certified evaluation of reconstruction, replacement, or reproduction costs. Our insurable value evaluation services cover all types of properties, including residential, commercial, industrial, agricultural properties, as well as heavy equipment.
We also undertake large-scale projects for the evaluation of institutional real estate holdings and municipal equipment.
Condominiums
Under Law 141, condominium associations are required to maintain adequate insurance coverage that corresponds to the reconstruction value of their buildings, with periodic cost evaluations conducted every five years. This legislative framework is designed to protect condominium owners by ensuring proper compensation in the event of a loss.
Our insurance evaluation services in this context include:
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Accurate reconstruction value assessments:
We determine the replacement value of the property, including reconstruction costs based on current building standards, materials used, and prevailing market rates. -
Compliance with Law 141:
Our reports meet all legal and regulatory requirements, ensuring that condominium associations adhere to insurance obligations. -
Periodic updates:
We offer regular re-evaluations to account for changes in construction costs or modifications to the building. -
Personalized support:
We work closely with condominium administrators and their advisors to explain the report, adjust coverage, and provide peace of mind to all owners. -
Reserve fund and maintenance log:
With your consent, we coordinate with our engineering partner to share relevant information, ensuring a comprehensive and seamless service.