replacement costs Archives

What’s in a Replacement Cost Value? (And What’s Not!)

What’s in a Replacement Cost Value? (And What’s Not!)

Jennifer Thorson2020-10-26T15:03:20-04:00Tags: building appraisal, building valuations, property valuation, replacement cost value, replacement costs|

by Sandra Hou, Director of Appraisal Services — West In the insurance industry, replacement cost value (often referred to simply as “replacement cost”) is one of the most common and acceptable values used to insure properties. In my line of work, we are often hired by risk pools to value their members’ properties for [...]

Replacement Costs Vs Reproduction Costs for Appraising Historic Property

Replacement Costs Vs Reproduction Costs for Appraising Historic Property

Jennifer Thorson2020-10-13T13:32:19-04:00Tags: building appraisal, building valuations, historic property, property appraisal services, replacement costs, reproduction costs|

by Gary Tate When you’re insuring a historic property, you’re likely to face questions you wouldn’t encounter with more modern buildings. One of the biggest of these is whether you insure the building for replacement costs or reproduction costs. But before we dive into that, first let’s talk about what constitutes a historic property. [...]