RE Analysts provides Insurable Value Appraisals to meet the needs of individuals, companies and insurance companies, for residential and commercial properties of all types. In recent years, there has been increased need for more accurate cost estimates and valuations for insurance.

Following are definitions relating to Insurable Value assignments:

Insurable Value

Insurable value is the portion of the value of an asset or asset group that is acknowledged or recognized under the provisions of an applicable loss insurance policy.

Replacement cost

Replacement cost is the current cost of a similar new asset(s) having the nearest equivalent utility to the asset(s) being valued. Furthermore, replacement cost analysis takes into consideration the transportation and installation costs required to facilitate normal operation.

Reproduction cost

Reproduction cost is the current cost of an identical new asset or assets. Reproduction cost analysis assumes the same materials, construction standards, design, layout, utility and quality of workmanship to derive at an estimated cost to construct an exact replica of the machine being appraised.

Actual Cash

Actual Cash Value describes what it will cost to replace an item at the time of loss after subtracting depreciation. It is a common method of determining the amount of reimbursement for a loss.