Insurance Assessments

Regardless of whether you own a residential or commercial property, or both, legally you are required to obtain an insurance valuation under state strata legislation to ensure the Owner’s Corporation provides adequate building insurance cover.

An insurance valuation provides an accurate estimate of the replacement value to ensure adequate insurance cover for your property.   

Insurance valuation services are commonly required for one of the two following reasons:

  1. To determine the amount of insurance required for the purpose of establishing insurance cover (i.e. to assist in assessing declared value or recommended sums insured).
  2. To determine the sum to be paid following loss or damage as a result of an insured peril.

Our Valuers undertake a detailed, full inspection on each property to assess the size and value of the subject buildings and all secondary improvements in addition to assessing any other factors that may influence the insurance valuation.

This information together with allowance for GST, professional fees, demolition and removal of debris, rental loss and an allowance for cost inflation during the lead time and construction period is compiled into a full insurance valuation report for each property.

To discuss your needs or for an obligation-free quote for any type of valuation please complete our contact form.