With a deep understanding of the risks of underinsurance and the importance of precise valuations, we are here to safeguard your commercial properties and provide you with peace of mind.
WHAT IS A BUILDING INSURANCE VALUATION?
A building insurance valuation is a replacement cost assessment, for insurance purposes and helps ensure full coverage in the event of a fire or natural disaster. It considers building costs, escalation, debris removal, re-design fees, application fees, and other professional expenses in compliance with current regulations. The valuation excludes land value as it remains intact after the insurable event.
BENEFITS OF A BUILDING INSURANCE VALUATION
Mitigate Underinsurance Risks:
At Asset Reports, we specialize in accurate building replacement valuations that help protect you from the devastating consequences of inadequate coverage. Our expertise in assessing construction costs, professional fees, and other essential factors ensures that your properties are fully insured for their true replacement value.
Navigating Complex Insurance Policies:
Insurance policies can be complex, with clauses that impact your coverage. Our experienced team excels at analyzing insurance policies to provide you with a comprehensive understanding of your coverage. We guide you through the complexities of Co-Insurance and Average Clauses, minimizing potential challenges and optimizing your insurance policy to ensure maximum protection.
Expert Valuations for Accurate Coverage:
Trust in our team of skilled Quantity Surveyors to deliver meticulous valuations tailored to your specific needs. With our comprehensive approach, we consider factors such as demolition, professional fees, escalation costs, and time required for planning and construction. The result is an accurate and reliable valuation that aligns with the true replacement value of your properties.
HOW MUCH DOES A BUILDING INSURANCE VALUATION COST?
Obtaining a Building Insurance Valuation is not only essential but also cost-effective, with prices starting at just $700 +GST.
Contact us to schedule on (08) 6444 6341 or complete the form below for a comprehensive quote
An Asset Reports Building Insurance Valuation incorporates:
Demolition and removal of debris costs
Professional fees (such as architects, engineers etc)
Escalation costs (time factor for building plans, permits, council approvals etc)
Individual lot owners fixtures and improvements (if required)
Common area contents
We can also provide you with other key information you’ll need, such as:
Construction materials used in your existing building
Fire protection systems
Percentage and type of cladding used on your building (if required)
With the upcoming reforms to the Strata Titles Act placing more accountability on the Council of Owners and the Strata Manager, it’s more important than ever to have a Building Insurance Valuation done by a specialist Quantity Surveying firm.
INSURANCE SERVICES
Building Replacement Cost Valuations
Our core service revolves around building replacement cost valuations for insurance purposes. We understand the importance of determining the true replacement value of your properties to avoid the risks of underinsurance. Our Quantity Surveyors meticulously assess factors such as construction costs, demolition and removal of debris, professional fees, and escalation costs. With our accurate valuations, you can have confidence in your insurance coverage and protect your properties from potential financial losses.
Insurance Valuation Updates
Discover how our specialized services can help you mitigate risks, navigate insurance complexities, and ensure accurate coverage for your commercial properties. Contact us today to schedule a consultation, request more information about our services or complete the form below for one of our team to contact you.
Consultation and Client Education
We believe in empowering our clients with knowledge and understanding. Our team offers consultation services to address any questions or concerns you may have regarding insurance valuations, policy analysis, or risk management. We also provide client education sessions, equipping you with the necessary information to make informed decisions about your insurance coverage. We are dedicated to ensuring that you have the tools and expertise to protect your valuable assets effectively.
TRUSTED BY
ADDITIONAL INSURANCE AND COMMERCIAL SERVICES
Discover how our specialized services can help you mitigate risks, navigate insurance complexities, and ensure accurate coverage for your commercial properties.
CONTACT US
to schedule a consultation or request more information about our services on (08) 6444 6341
or complete the form below and one of our team will be in touch
