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Is your strata property adequately insured?
Safeguard Insurance Valuation Specialists
Areas of Expertise
Strata Properties
Prestige Properties
Childcare Centres
Government
Commercial
Shopping Centres
Service Stations
Agribusiness
What is an Insurance Valuation Report?
An insurance valuation report or commonly referred to as a ‘Insurance Replacement Cost Assessment’ will determine the cost of demolition and rebuilding of a property or specific asset type in a situation where a disaster has affected the property. For example, when Safeguard Insurance Valuation Specialists undertake an Insurance Valuation we account for the following:
- Any costs to remove debris
- Costs for demolition
- Fees associated with redesigning the building
- Cost of labour and materials
- Construction works
- Government fees, including taxes
- Cost of replacing building and common areas
For Safeguard Insurance Valuation Specialists to determine the replacement cost of your property, we will conduct an on-site inspection of the property, noting the size and layout and all the important fixtures and features. These details will feature in the final report as well as the breakdown of each cost involved with the building replacement. It is mandatory for all strata buildings to have building insurance that covers the cost of the building replacement.