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 cost value of your property up to date, no matter what the age of the property.
Legislation has been implemented which requires all Strata and Company Title properties to have Insurance Replacement Valuations performed every few years
A comprehensive and independent valuation will contain a detailed insurance replacement estimate of your building’s cost to replace new, which has been determined by a thorough site inspection and replacement cost analysis.
Ultimately as a building owner, investor and or owners corporation manager you can sleep soundly in the knowledge that all improvements have been documented and accounted for and that in the event you need to make a claim, there is full insurance coverage.
If you would like a quotation or to book in a valuation job please contact us on 0417 741 481.