Ask yourself a professional question, would you consider yourself a 22% or 78% Performing RE…
What is an Insurance Appraisal? An insurance appraisal is a replacement cost analysis which provides an accurate estimate of the amount of insurance required to replace each structure and/or amenity exactly as it stands on the day the report was prepared. The appraisal provides both a hazard and flood insurable value (if the property is in a flood zone).
JPOPE Tax Consultancy calculates each buildings reproduction cost on a component-by-component basis from the ground up. Our software processes the complex calculations needed to correctly estimate the labor and material costs for each building component and system. Our software also calculates the taxes, fees, overhead, and profit to provide an accurate estimate of what it would cost to reproduce the structure today. JPOPE Tax Consultancy may be able to take advantage of additional savings from our report as it relates to your property insurance.
Our detailed engineering report can eliminate the guess work that goes into underwriting property casualty policies. Realistically, the guess work never works to your favor. There is also potential savings in shifting insurance rates from real estate assets to personal property assets.
DISCLAIMER: This article is an opinion piece regarding things financial and how they shape our everyday lives. This is opinion only and is not intended or should be taken as investment advice. We do not guarantee the accuracy of any statements as should not be relied upon otherwise.