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Read moreInsurance Replacement Valuation
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The regular re-valuing of a building’s replacement cost (also referred to as a building insurance valuation) is often forgotten or ignored. With regularly fluctuating building costs it is critical to keep the replacement value and insurance valuation of your property up to date, no matter what the age of the property. Protecting your investments with accurate building insurance replacement valuation through a cost estimate valuation, We can assist the property investor by advising an appropriate value to insure for, not only for the cost to rebuild the property new for old (often much greater than the building’s worth), but also current costs for demolition, redesign, tendering costs, and escalation from policy renewal through to the time of reconstruction. What sets us apart from many of our insurance replace valuation competitors is the detailed quality of our insurance replacement reports. Each report contains a detailed insurance replacement estimate of the building cost that has been determined by site inspection and analysis of assisting documentation. Legislation has been implemented in various states across Australia which requires all Strata and Community Title properties to have Insurance Replacement Valuations performed every few years. This service is offered through our Quantity Surveying division which specialises in such reports on a daily basis. |
