Residential Services

Our Residential Appraisal Services include Property Evaluations, which are room by room appraisals of entire dwellings, Prestige™ Reports, designed specifically for high value homes, and other Appraisal Services. Residential Appraisal Services also include Supplementary Reports on items as varied as wood stoves, out-structures, water damage prevention, storage tanks, home-based business and rental units, and on-site recommendations. 

With more than 150 specialists across Canada, RMS has the largest employed appraisal team in Canada. With an average employment tenure of 5-10 years and many specialists with over 15 years of experience with the organization, RMS has the experience to handle all types of residential properties in an effective and professional manner. In addition to technical qualifications such as WETT (Wood Energy Transfer Technology) training and CET (Certified Engineering Technologist), our team has an abundance of professional qualifications, including CIP (Chartered Insurance Professional) and CRM (Certified Risk Manager) designations.

Residential Appraisal Services
Whether you require a simple exterior survey or a high-valued home appraisal, we have the products and services to meet your Residential risk information needs. All of our Residential products and services are delivered through our highly intuitive Web Inspection & Evaluation System (WIES) or Client Link

Reports
Through years of meeting the needs of the insurance industry and incorporating industry requirements and feedback, RMS has developed various proven report options, including:

  • Prestige™ Report
    These reports are specifically designed for high-value homes with special architectural details and custom features.
  • Executive: These reports encompass risks with a replacement cost calculation value over $500,000. They include room by room inspection by a senior Evaluation Specialist, full narrative description with numerous photos, risk information provided in a Risk Assessment Profile, scale diagram, and replacement cost calculation. The Executive report also includes the Water Damage Prevention Report, plus other supplementary reports based on property features.
  • Gold: These reports encompass risks with a replacement cost calculation between $300,000 and $499,999. They include room by room inspection, risk information, narrative description, loss control recommendations, scale diagram, and replacement cost calculation. Supplementary reports based on the property features, including the Water Damage Prevention Report, are also completed.
  • All Risk: These reports encompass risks with a replacement cost calculation of up to $299,999. They include room by room inspection, risk information, loss control recommendations, and replacement cost calculation. Supplementary reports based on the property features, including the Water Damage Prevention Report, are also completed.
  • Project-based Stand Alone Reports: These reports include Solid Fuel Burning Appliance (eg: Wood stoves) and Storage Tanks (eg: Oil tanks), normally completed as supplementary reports.

Appraisal Services
Current trends suggest as many as 70% of buildings in Canada are under-insured by as much as 40%. Ensuring proper Replacement Cost estimates are included in your policy coverage is an important component of an overall prudent risk management program.

SCM RMS offers comprehensive appraisal services which provide you with an accurate and comprehensive Replacement Cost valuation in a cost-effective manner. We have the technical capability to provide these services for all types residential risks.

Please contact us for more information regarding RMS Residential Services.

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