GAB Robins is pleased to offer our clients a program to provide annual updates on their Insurance Appraisal, Content Appraisal and/or Reserve Study for the next three years at a guaranteed annual fee. We designed the program in response to requests from our clients who want to know the current estimated insurance, content and/or reserve values for their property each year and want to plan in advance for the cost of the report. Since the inception of the program 10 years ago, we have had more than 80% of our clients take advantage of the Annual Update Program.
Benefits to the Property
- The cost of your new Appraisal is reduced when you enroll in the update program.
- The fee for each annual update report is fixed for three years.
- We automatically send the report to you each year (most clients ask to receive the update 60 days prior to their insurance renewal date).
- Obtaining an annual update demonstrates due diligence on the part of Condo Boards and Property Managers.
Here’s How the Program Works
- Upon your request, GAB will provide a written proposal for an insurance appraisal and/or reserve study. Two fee options will be provided. Select the annual program option (second option) and the property will be placed in the annual update program.
- Upon receipt of your signed bid, your initial report will be prepared and sent to you, along with an invoice for the first year’s report.
- Each year thereafter, we will automatically update your insurance appraisal and/or reserve study and send it to you with an invoice for that report only. (If you wish your updated report to be sent on a different date, just let us know)
- We will continue to send annual updates and invoices each year for a total of three years. (It is your responsibility to advise us if changes are made to the property during this period.)
- At the time of the third update, we will contact you to discuss renewing the program and/or re-inspecting your property.
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