The Appraisal Process

At Townsend Appraisals, we take pride in providing you with a quality custom insurance appraisal. While our competitors may simply plug the gross area of your buildings into a computer program designed for residential and commercial valuations, we provide you with an accurate insurance appraisal so your facilities are not over or under-insured

We differentiate between the various areas of your project: living area, balconies, screened porches, garages, etc. and provide you with detailed replacement costs for each area. This is important because the costs of re-building a structure can vary signficantly, for example, the cost of building air-conditioned living area is much more expensive than that of a covered breezeway. While our competitors lump these areas all together, we inform you more accurately what the true replacement cost is for your property.

As your local experts, we know where local contractors charge increased rates. Construction costs do vary according to location, whether contractors must travel west of a certain road or cross a certain bridge to get to your location. We know where these dividing lines fall and take them into consideration for your valuation.

After we complete an on-site inspection of your property, which includes measurements, sketches and photographs, we carefully develop a customized appraisal for you  using Microsoft Excel spreadsheets. While we provide the level of detail that insurance companies need, our reports are still easy for the lay-person to read and understand

What Does the Appraisal Report Contain?

At Townsend Appraisals, we follow the guidelines set by the Uniform Standards of Professional Appraisal Practice and Advisory Opinions. These are National guidelines set by the Appraisal Foundation, authorized by Congress as the source of appraisal standards. As state-certified appraisers, we are required to uphold the stringent guidelines set by the government and must answer to the Department of Business and Professional Regulation. Our appraisals include:

  • Introductory Narrative Overview
  • Table of Contents
  • Appraisal Description
  • Summary of Hazard and Flood Valuations
  • Detailed Spreadsheets that Explain the Valuations
  • Hazard and Flood Procedures
  • General Procedures
  • Project Description
  • Insurance Exclusions
  • Contingent and Limiting Conditions 
  • Definitions of Terms Used in the Report
  • A Complete Set of Photographs
  • The Appraiser's Qualifications (Resume)
  • Certification

Please contact us for a sample report.