Normac clients with active appraisal programs benefit from a fee discount on a reserve fund study or depreciation report from Reliance Asset Consulting. Normac acquires Calgary-based Reliance Asset Consulting and its insurance appraisal portfolio. For over 20 years, Normac has been the leading provider of insurance appraisals for owners, property managers, and insurance brokers.

Our comprehensive valuations are prepared by accredited appraisal experts who specialize in construction and replacement cost. We offer three year programs with complimentary valuation updates and proactive appraisal program management. With our reliable insurance appraisal reports, you can be confident that you are adequately insured and paying the correct insurance premiums.

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Insurance Appraisals Report

An insurance appraisal provides an estimate of total replacement cost for a property in the event of a total loss. We call this the Total Insurable Value (TIV) and it is used for placing property insurance. An annual insurance appraisal ensures that you have sufficient insurance covered in the case of a total loss.

Standard Insurable Unit Description Report

Standard insurable unit descriptions (SIUD) are required under the Alberta Condominium Property Amendment Act. The SIUD is a detailed outline of all the finishes and fixtures within a standard unit based on original construction. The purpose of a standard insurable unit description is to provide clarity for condominium boards and insurers as to what is covered under the corporation's insurance following an insurable loss.

Alberta Report

Normac has been operating in Alberta for over a decade and contributed to a major shift in how the industry delivers insurance appraisals. Thanks to our competitive pricing, three-year programs, and turn-key service, Normac has become the preferred supplier for many prominent property management firms between Calgary and Edmonton.

British Columbia Report

Vancouver, BC is home to our head office and it is where our journey began. Over the past 20+ years, we have established a reputation for excellence with local property management firms, strata owners, and insurance brokers. Our industry-leading service has earned us the loyalty of our BC clients.

Manitoba Report

It's true that Manitoba hosts a large portion of Canada's agricultural land, but Winnipeg is a dense and vibrant centre, where the urban communities are full of history and spirit. Already familiar with both Canada's prairie provinces and economic hubs, Normac is aptly positioned to serve the condominium, commercial, and industrial markets of Winnipeg and its neighbouring municipalities.

Reviews (5)

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Monica Kautz

Jul 02, 2021

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As an Insurance Broker focusing on Strata Properties I just wanted to say that after reviewing multiple different appraisals I feel that Normac has the best appraisal available which provides all the information required to do my job accurately. Very easy to do business with them and contacting Normac is great they always reply. I refer Normac to several of my clients and they have been very impressed with the level of service. Thank You Normac for the great service each and every time.

Jamie Barroso

Oct 20, 2020

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Positive: Professionalism, Quality, Responsiveness, Value
I work as a Strata Property Manager and use Normac for insurance appraisals on all of my properties. They are efficient, the reports are concise, and the 3 year-program is very reasonably priced! Highly recommend them.

Kenny Colosie

Oct 13, 2020

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I have been working with Normac Appraisals for over three years and have been satisfied by their responsiveness and professionalism. Recently, I needed a rush report done for insurance purposes and they were able to accommodate our request and process the report in an acceptable time frame for our insurers. Thank you for the consistency!

David Locke

Jun 09, 2020

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I use Normac for all of my appraisal needs. As a Property Manager I rely on their expert advice and experience for new developments and existing Strata Corporations alike. After 5 years of working together I and still pleasantly surprised with their entire team . Furthermore, they make the process incredibly easy and forward all relevant information to the applicable brokers or parties your need them too.
I highly recommend Normac Insurance Appraisals! Kudos to everyone and a shout out to Margarita, Jenna, Mimi and Shari!

Laszlo Antal

Dec 20, 2017

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We have been doing business with Normac for many years now on behalf of our clients and we find them very professional and a leaders in the industry. I highly recommend Normac for appraisals and Depreciation Reports!