Cost Replacement Appraisals

Cost Replacement Appraisals

Insurance Appraisals and Replacement Cost Appraisals/Valuations (also known as cost replacement appraisals) provide the insurance replacement cost, in dollars, which gives owners, insurance agents, and corporations the ability to accurately insure a property in the event of catastrophe. The information obtained from an Insurance Appraisal or Replacement Cost Appraisal/ Valuation is itemized and recorded in the CoreLogic (Commercial) or 360Value (Residential) calculation system software. The system then computes an estimate of the current insurance replacement cost of the structure based on the property features recorded during the inspection and the current market costs of labor, materials, and other related fees (i.e. The Cost Approach). Insurance professionals use Insurance Appraisals or Replacement Cost Appraisals/ Valuations to determine replacement cost insurance premiums.

**It is important to note that Market Value does not equal Replacement Cost. Replacement cost is the cost to rebuild the property or structure brand new. Therefore, the market value of a property may be more or less than the replacement cost value. Please consult your insurance agent for more information on Insurance Appraisals and Replacement Cost Appraisals/ Valuations.

Insurance Appraisals and Replacement Cost Appraisals/Valuations are conducted with the utmost professionalism by an expert TCE&I appraiser who evaluates and determines the value of the structure for insurance reconstruction/ replacement costs. Information regarding the square footage of the building, type of construction, and property condition is recorded during a field inspection. TCE&I completes Insurance Appraisals/Replacement Cost Appraisals for all types of commercial and residential properties, including:

  • Warehouses/ Industrial Space
  • Office Buildings
  • Mobile Home/ RV Parks
  • Mid-Rise/ High-Rise Buildings
  • Malls/ Strip Malls/ Retail Centers
  • Multi-Family Residential
  • Hotels
  • Land
  • Condo Buildings
  • Special Purpose Structures


The property features evaluated during a typical Insurance Appraisal or Replacement Cost Appraisal/Valuation includes:

  • Wall Construction
  • Roof Construction
  • Windows/ Doors
  • Pool/ Cabana
  • Flooring
  • Bathrooms
  • Kitchens
  • Bedrooms

For commercial properties, TCE&I recommends ordering an Insurance Appraisal or Replacement Cost Appraisal/Valuation every 18-24 months.