When insuring a strata property, most insurance providers will ask for a report from a certified valuer to ensure the property is insured for the amount it would cost to replace the total property if the property were to be completely destroyed.
This report covers the building, the common property such as gardens, wiring, lifts, pools, car parking etc., as well as the cost for the removal of debris and professional fees, to ensure you are not left out of pocket should the unthinkable happen. It also includes public liability to avoid litigation against the property.
In NSW, the owners corporation is legally required to take out strata insurance.
Vals NSW provide Str ata Building Replacement Cost valuations. These valuations are completed by our valuers who have over 15 years of experience in the field, and are all certified under the Australian Property Institute.
An owners corporation may require a Strata Building Replacement Cost for their insurance every 3-5 years. The insurance company needs an up to date valuation to ensure the property is covered for damage caused by natural disasters, flood, fire and theft.
We can complete an insurance valuation on a single residential dwelling, a commercial property or a multi-unit complex. No property is too big or too small in scope for our expert valuers.
Our Strata Building Replacement Cost valuation reports are completed within 3-5 business days from inspection, and we can have a valuer our to inspect in 1-2 days from booking in the job, as we understand the time restrains most lot owners face. We provide comprehensive and accurate sworn valuation reports which are accepted by all insurance companies.
To get a quote from NSW’s best valuation company call us today on (02) 8599 9899 or email us your contact details and we will give you a call.
You can also fill out your details in our Online Enquiry Form and one of our helpful staff will respond as soon as possible.