- UNDERWRITING SURVEY REPORTS
Underwriting reports provided are loss control surveys which will include supplemental reports of underwriting information with respect to specific occupancies when required: Commercial Occupancy – Restaurant; Solid Fuel Appliance; Farm Outbuildings... The reports are intended to be an underwriting tool verifying the use of the building, exposures in the building and exposures surrounding the building. The surveys are noninvasive, based on a visual inspection of the property and information provided by the insured or the insured’s representative. Recommendations are provided based on conditions found at the time of inspection and address loss prevention issues, as well as improving safety or enhancing protection.
- BUILDING APPRAISAL REPORT
An Underwriting Appraisal Report (UAR) is a building replacement cost analysis which provides an accurate estimate of the amount of insurance required to replace each structure and/or amenity exactly as it stands on the day the report is prepared. The appraisal provides a separate value for: Replacement Cost, New; Bylaws and Code Upgrade; a combined Emergency Service, Stability, Security, Abatement, Deconstruction, Demolition, Debris Removal, Catastrophe, Reproduction Cost, New evaluation. The UAR provides all the required amounts for policy limits and sub-limits. When required the report can also include Occupancy Design Fixtures: Restaurants – Commercial Kitchen Cooking Equipment; Theatres – Theatre Seating, Stage Equipment; Churches – Organs, Chimes, Carillons...
- DEPRECIATION REPORTS
These reports are designed to assess the condition and age of the components of the building so the owners can ensure that there are sufficient funds available to address any repair or replacement required. The reports provide a reserve funding schedule that is amortized over 20 to 30 years, depending upon which amortization period applies. The reports provide the estimated life expectancy (in years) of all common areas for any type of property, including Strata properties, and assess: the Roof System; the Exterior Wall System; Interior Finishes, Basement Finishes; Mechanical Systems; Electrical Systems; Common Amenities; and Landscaping. The reports also address additional expenses: Maintenance and Upkeep expenses; Projected Future Depreciation Report Costs; Insurance Deductibles; Projected Engineering and Geotechnical Services to Ensure the Integrity of Aging Building components.
- COVERAGE ANALYSIS REPORT
Integral can provide an independent underwriting analysis of Commercial Property and Casualty coverages. The report can provide an evaluation of a specific wording, for instance, how the coverage would impact policy insured limits or how specific coverage would impact reimbursement in the event of loss. The report can also provide a comparison of the specific wording to others in the insurance industry.
- BUILDING DAMAGE ASSESSMENT REPORT
The Damage Assessment Report (DAR) is designed to provide a Principle of Substitution analysis for obsolete materials and labour practices that are not considered to be part of the Building Code Bylaw Segment. The report includes: Conditions of the Loss; Timelines; Scope of Damage; and an Assessment of Restoration. The report will address separately when applicable: Building Code Upgrades; Municipal Bylaws; Green Construction. The method of reconstruction for this report is “Unit or Assemblies” evaluation.
- TOTAL BUILDING LOSS APPRAISAL REPORT
The Loss Appraisal Report (LAR) provides a building replacement cost analysis which is an accurate estimate of the amount of insurance required to replace each structure and/or amenity exactly as it stands at the completion of the report. The appraisal provides a separate value for: Replacement Cost, New: Bylaws and Code Upgrades: a combined Emergency Service, Stability, Security, Abatement, Deconstruction, Demolition, Debris Removal, Catastrophe, Reproduction Cost, New evaluation. The LAR provides all the required amounts for policy limits and sub-limits.
- ACTUAL CASH VALUE APPRAISAL REPORT
This report is designed to provide the depreciated percentage to be applied to the Replacement Cost valuation determined by either the LAR or the DAR. It defines how the depreciation is determined. The report addresses the remaining life expectancy of the specific finish or feature taking into consideration issues such as wear and tear. The report typically is required when an entirely different finish or feature, not of like kind and quality, will be used for the reconstruction, or when a cash settlement is agreed to and no reconstruction will take place.
- FILE AUDIT REPORT
The intent of this report is to quantify for an adjuster or examiner the costs associated with the loss after the building has been reconstructed. The report will provide a review of the material provided by the adjuster or examiner. A spreadsheet of costs and a timeline of events will be established, including a reconciliation of all invoices.
- WORK IN PROGRSS AUDIT REPORT
This report addresses the rebuild period as it happens, from the time the claim is first reported until the loss has been completed and an occupancy permit issued. The report will outline the emergency service, bid selections, and the restoration contractor’s approach to completing the rebuild. The report will review all costs associated with the restoration including those incurred due to building code bylaw changes and other government requirements. Site inspections will be made for: foundation work; framing of the structure; building envelope and lockup; all building services such as plumbing, heating and electrical; and a finish and feature review. This rebuilding report will provide a timeline for completion, a spreadsheet of work performed and a reconciliation of expenses for labour, materials, equipment and professional services.
DISPUTE RESOLUTION PROGRAM
The reports are the same as those with respect to "CLAIMS" - independent appraisals for damage assessments, loss appraisals and actual cash value valuations – but are formatted and adapted to address the issues of the specific dispute.
This is available when mandated by the Umpire and at least one appraiser of the dispute resolution process.
EXPERT WITNESS PROGRAM
The reports are the same as those with respect to "CLAIMS" but are adapted to present in "legal format".
This is available when mandated by the courts, typically by an attorney or judge.