Insurance Replacement Cost
Independent valuations that determine the true cost to rebuild a home after a loss. These reports are essential for insurance accuracy, legal compliance, claim support, lender requirements, and long term risk protection for homeowners, landlords, and professionals across the GTA and surrounding areas.
Overview
Most homeowners assume their insurance coverage reflects the actual cost to rebuild their home, but coverage limits often fall short. Construction materials rise in cost, labour shortages impact pricing, and unique features may be overlooked by basic insurance calculators.
An insurance replacement cost appraisal provides an accurate estimate of the cost to completely reconstruct a property in the event of total or significant loss.
This valuation is not tied to market value.
It is based entirely on construction.
It considers:
• labour
• materials
• local building codes
• architectural detail
• size and structure
• quality of finishes
• unique features
• demolition and site clearing
Advanced Appraisals prepares replacement cost valuations that help clients avoid underinsurance, overpaying for premiums, and disputes during a claim.
Clients typically request this service when:
• updating or renewing an insurance policy
• verifying that coverage matches the true rebuild cost
• supporting a loss claim or dispute
• owning a high value or custom built home
• insuring unique or older properties
• completing major renovations or additions
• carrying luxury finishes or complex features
• lenders require a rebuild cost for financing
• managing rental or investment properties
• handling estate or trust planning
Insurance companies often rely on general estimates. A replacement cost appraisal ensures your property is properly protected.
Along with full reconstruction analysis, we also provide:
• partial loss valuations
• damage impact calculations
• support for disputed insurance claims
• repair versus rebuild comparisons
• market value impact analysis
• documentation for adjusters, lawyers, and insurers
This helps clarify whether repairs are appropriate or whether full reconstruction is required.
SPECIALIZED SERVICES
We provide replacement cost valuations for:
• detached, semi detached, and townhomes
• condominiums
• custom homes and luxury builds
• renovated or expanded homes
• duplex, triplex, and fourplex homes
• older and heritage properties
• rural and recreational homes
• investment and rental properties
• mixed residential properties
SERVICE AREAS
We complete replacement cost appraisals across:
Mississauga, Brampton, Oakville, Burlington, Milton, Toronto, Vaughan, Richmond Hill, Markham, Pickering, Ajax, Whitby, Oshawa, Hamilton, Stoney Creek, Ancaster, Grimsby, the Niagara region, Barrie, Innisfil, Bradford, New Tecumseth, and all surrounding areas.
• homeowners
• landlords and investors
• insurance brokers
• insurance adjusters
• real estate lawyers
• trustees and executors
• mortgage brokers and lenders
• builders and contractors
• corporate property managers
• full rebuild cost conclusion
• detailed construction breakdown
• unique feature identification
• professional supporting data
• insurer compatible documentation
• support for claims, disputes, or underwriting
• digital PDF report delivery
Is replacement cost the same as market value?
No. Replacement cost reflects what it takes to rebuild the home, not what it can sell for.
Why do insurance estimates differ from appraised replacement cost?
Insurance companies often use generic calculators that do not capture site specifics or custom features.
Do you inspect the property in person?
Yes. On site review is essential for accurate reconstruction cost calculation.
How often should replacement cost be updated?
Every three to five years, or after major renovations, due to fluctuating construction costs.
Do you include demolition and debris removal?
Yes. This is part of a complete rebuild valuation.
What if the home has custom finishes or unique architecture?
We evaluate all custom materials and features to determine true replacement cost.
