AV Appraisals Inc.
- British Columbia
- 778-900-1725
- info@avappraisals.ca
- avappraisals.ca
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Not by itself. The Act requires the strata to insure on the basis of full replacement value (s.149) and to review its insurance every year (s.154). An appraisal checks that value. An out-of-date one can leave the building over- or under-insured, so ask your broker whether a new one is due before renewal.
Ask for a written list of included buildings and common assets, any exclusions and the proposed update cycle.
Ask each company the same questions, then compare the quotes.