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Depreciated Replacement (Site inspection and/or office based service)
This service provides a depreciation schedule based on information gathered from a site inspection and property owner. It reflects the structure’s current depreciated value, calculated on anticipated life of each building element. An elemental m2 estimate is prepared and the building elements are depreciated to reflect their current condition and functional age. The estimate excludes contents, personal property, land value, site improvements and authority fees.
This service assists when a cash settlement on a indemnity basis is being considered.