Charles Lunsford & Sons Roanoke, Virginia
Insurance Company of North America Philadelphia, Penna.
F. Wharton Baker, Engineer
September 30, 1931
Estimated Insurable Values
We are giving below estimated 100% insurable value of all buildings and for comparative purposes are also listing opposite each building amount of insurance which is now carried on both building and contents.
These estimated values represent a comparison with known values of somewhat similar structures, based on our judgment and confirmed by current prices of material and labor in the vicinity of Blacksburg and include such equipment as may properly be considered a part of the buildings as indicated form. These estimates were also checked against the original costs, which were obtained for many of the important buildings, making due allowance for change in material and labor costs between the year built and those existing in 1931. Estimated allowance has also been made for depreciation.
In estimating our insurable values we have excluded cost of foundations, footings and excavations, but have included cost of walls above ground level where there is no basement and above the basement floor in buildings where there is a basement.
Note: This list is from Ms95-029, Insurance Survey of Virginia Polytechnic Institute. The manuscript collection includes short descriptions and Images of some buildings.
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Tamara Kennelly, Univ. Archivist
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