Insurable value (Act 141) in Victoriaville.
Is your building insured at its true replacement value? Act 141 requires it. A report from an OEAQ certified appraiser gives you the exact answer and protects your investment.
What is Act 141 and why does it concern you?
Adopted in 2018, Act 141 governs the distribution of insurance in Quebec. It requires insurers to offer coverage based on the actual reconstruction cost of your building, rather than an approximate estimate. It's your best protection against underinsurance.
The reconstruction cost of materials has increased significantly in recent years.
Agricultural buildings in the Bois-Francs region (barns, silos, dryers) have replacement costs that are often underestimated.
Recent renovations not reported to the insurer can create a coverage gap.
A report from an OEAQ certified appraiser is the most reliable proof for determining your coverage.
Commercial properties along Route 116 and Boulevard des Bois-Francs require a specialized appraisal.
Updating your appraisal every 3 to 5 years helps you avoid unpleasant surprises.
Types of buildings covered by our Act 141 report
Houses and condos
Single-family homes, semi-detached, condos. Reconstruction cost appraisal including foundations, structure, roofing and finishes.
Multi-unit residential
Duplexes, triplexes, income properties. Each unit and common areas are taken into account.
Commercial and industrial
Offices, retail, warehouses, manufacturing buildings in the Victoriaville industrial park.
Agricultural buildings
Barns, silos, dryers, farm buildings. Expertise tailored to the agricultural reality of the Bois-Francs region.
Three appraisals, three different purposes
Insurable value
Reconstruction cost of the building only (excluding land). Used to determine your insurance coverage in compliance with Act 141.
Market value
The price a buyer would pay on the open market, including the land. Used for sales, purchases or refinancing.
Municipal assessment
Value established by the municipality to calculate your property taxes. Reflects the value as of July 1st of the assessment roll's reference year.
Frequently Asked Questions: Act 141 in Victoriaville
How much does an insurable value report cost in Victoriaville?
The price depends on the type and size of the building. Contact us for a clear and tailored price.
Does Act 141 apply to agricultural buildings?
Yes. Every insured building in Quebec is covered. Agricultural buildings in the MRC d'Arthabaska, often equipped with specialized equipment, particularly benefit from an accurate report.
Can my insurer refuse your report?
No. A report signed by an OEAQ certified appraiser is the recognized reference by all insurers in Quebec.
How often should I update my appraisal?
Every 3 to 5 years, or after major renovations. Construction costs change and your coverage must keep up.
Protect your property in Victoriaville
Get an insurable value report compliant with Act 141. Response within 24 hours.
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