ARTICLE
4 July 2025

BTC Series: What Is The Process For Figuring Out The Accurate Value Of A Commercial Property? (Video)

WG
Watson Goepel LLP

Contributor

Founded in 1984, Watson Goepel LLP is a full-service, mid-sized law firm based in Vancouver B.C. With a focus on Business, Family, Indigenous, Litigation and Dispute Resolution, and Personal Injury Law, our membership in Lawyers Associated Worldwide (LAW) provides us with a truly global reach.
Our Beyond The Courtroom Series: our experts are answering your questions through our short video-podcast series. Get informed answers to the legal questions that matter most to you.
Canada Insurance

Our Beyond The Courtroom Series: our experts are answering your questions through our short video-podcast series. Get informed answers to the legal questions that matter most to you.

Anastase Maragos, Insurance Claims, answers the question: What is the process for figuring out the accurate value of a commercial property?

With commercial property, it's the owner's responsibility to determine the property's value. The best approach is to work closely with your broker, who can help guide you in making sure you're properly insured.

Your broker is responsible for explaining the obligation to be properly insured and the risk of being underinsured, especially when it comes to the coinsurance clause. If your broker didn't accurately assess your coverage needs or failed to guide you properly, resulting in you being underinsured, it may be time to speak with a lawyer to understand your options and protect your interests.

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

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