Safeguard Insurance Valuation Specialists reports will determine adequate insurance cover for your individual asset type, and ensure your property is neither under-insured nor over-insured.
At Safeguard Insurance Valuation Specialists, we account for the following within each insurance assessment:
Safeguard Insurance Valuation Specialists will perform an investigation, which includes inspecting the property, noting the size, layout and the 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.
Our finalised valuation reports are legal documents which meet the criteria of current government legislation.
Natural disasters are becoming more frequent across NSW, and it is important that your property is not under insured as this will directly impact the amount of compensation you will receive from your insurance company, and any difference to replace the building will need to be funded privately by you the owner.
To ensure you are not under insured Safeguard Insurance Valuation Specialists regularly carry out insurance valuations on both strata (owners corporation), and private properties for insurance purposes. We will assess all relevant factors and ensure that your level of insurance cover are consistent with current building and replacement costs.
While current legislation notes that an insurance valuation must be undertaken every five years, it’s important to note with the recent escalation in building costs, Safeguard Insurance Valuation Specialists are being instructed to undertake valuations on a more regular basis.
Safeguard Insurance Valuation Specialists have built a strong reputation of performing accurate and timely reports with our staff all being highly qualified experts in insurance valuations and are all Certified Practising Valuers being Associate members of the Australian Property Institute (API).