Homeowners & insurers
Insurance Replacement-Cost Home Appraisal in Canada
Insure your home for what it would actually cost to rebuild — not just market value.
At a glance
- Report type
- Cost-approach insurance appraisal (typically Marshall & Swift or similar) with detailed component costing.
- Typical turnaround
- 5–10 business days.
- Cost framing
- Standard pricing for typical homes; custom, heritage, and luxury homes cost more.
- Intended users
- Homeowners, Insurance brokers & insurers
- Canada-wide coverage
- Residential property focus
- Comparable-sales evidence
- Independent directory
Why this matters
Insurance valuations are read by someone specific
Replacement-cost and insurable-value reports used to set the right insurance coverage on residential properties — particularly important for custom, heritage, log, and high-end homes.
- Homeowners
- Insurance brokers & insurers
What you provide
- Building plans if available
- Improvement records
- Insurer requirements
What you receive
- Detailed replacement-cost report
- Component-level costing
- Recommended coverage range
Common pitfalls
What goes wrong — and how to avoid it
Replacement cost vs. market value
These are different numbers. Don't insure based on market value alone — especially for unique homes.
Questions to ask
Before you hire any appraiser
- →Do you use a recognized cost-approach platform?
- →Have you worked with my insurance carrier before?
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FAQ
Insurance appraisal questions
Market value reflects what a buyer will pay, including land. Insurance replacement cost reflects what it costs to physically rebuild the structure.
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