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What are “total component” valuations?

April 26, 2017valuations

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What are “total component” valuations?

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“Total component” estimating values a home the way it was built – from the ground up. It uses formulas and databases to analyze and select detailed component parts of homes to assemble estimates in a risk-specific manner, using National building codes, structural considerations and local labour and material costs. As a result, the “total component” method produces individualized and specific data to calculate better replacement costs unique to each home. RCT EvaluRater is based on the proven total component estimating methodology rather than on the outdated, subjective “model” method. For more information about the total component valuation method, you can request our bulletin “Focus: Total Component Estimating” by calling 1.800.661.3619.