JEC provides Expert Witness Valuation reports and advisory services to clients who require this type of service to be used as evidence in court.
Our valuation team are all RICS Chartered Surveyors and have required training and expertise to be viewed as experts in matters of property valuation in the eyes of the Law.Įxpert Witnesses are often engaged to resolve disputes between parties on land and property related matters.
JEC’s specialist advisory team provide independent, impartial and unbiased evidence to the court or tribunal. Our specialised team are regularly instructed to provide evidence as an expert witness in property dispute claims across all courts and jurisdictions.Īt JEC, we have a team of senior property experts that regularly provide valuation advice to some of the Cayman Islands forefront legal practitioners. This association enables us to draw on outside expertise and additional resources in the event of more complex claims or a natural disaster. We are associated with a major international Loss Adjusting firm who provides adjusting services throughout the Caribbean. The correct amount of insurance cover is considered crucial in the event of a claim it also ensures you are paying the appropriate premium for your property with your insurance company.
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Our Insurance Replacement Cost Assessment would typically include the estimated current construction cost, provision for cost escalation during the insured period and rebuilding process, allowances for demolition and clean up, professional fees and other costs depending on the type of property. Whether it is for a residential or commercial property, an Insurance Replacement Assessment is required to determine what the replacement cost will be if there is a total loss to your building/improvements.Īn insurance Replacement Cost Assessment is an estimate of the actual cost to rebuild the building at the time of the assessment, assuming a total loss situation and a reinstatement with a new building/buildings of similar size and materials. This building assessment for insurance purposes is sometimes referred to as a Replacement Cost Assessment or an Insurance Valuation. JEC’s expert assessors can provide an Insurance Replacement Cost Assessment. Our Chartered Surveyors have provided Insurance Services in the Cayman Islands through all major catastrophes such as hurricanes Gilbert, Mitch, Michelle, Ivan and Paloma. Read more about our Valuation and Appraisal services below:Īt JEC our Insurance Services experience stretches back over 35 years. Our team are ready to add expertise and value every step of the way.
No matter the size, scope or complexity of your needs, we believe your experience of the valuation process should be simple and straightforward. Our reports comply with International Valuation Standards and are accepted by all lending and insurance institutions. The Red Book includes mandatory reporting and best practice guidance for members, ensuring high standards in valuation delivery worldwide. Our valuation reports are prepared by Chartered Surveyors in accordance with the Royal Institution of Chartered Surveyors (RICS) - Valuation Standards (Red Book). Whether you’re buying your first home or planning a large development, we have the knowledge and experience to provide you with independent, accurate and professional advice on across all aspects property. At JEC our main objective is to look after our clients’ best interests.
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For more than 35 years we’ve advised property owners, investors and developers on how to maximise value.
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