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Building Insurance Valuations Services in
MELBOURNE | BRISBANE | PERTH

Strata

Office

Industrial

Residential

Places of worship

Schools

Over a decade of experience specialising in the building insurance valuation space for strata, commercial, residential buildings and more...

BUILDING INSURANCE VALUERS

WHAT PEOPLE ASK OUR BUILDING INSURANCE VALUERS

Is it better to be over insured?

Questioning whether it's preferable to be over-insured implies uncertainty about the accurate insurance level.

 

In reality, what you deem a "safe insurance" amount might be significantly underinsured.

Accuracy of online calculators?

Online calculators can help a lot. However, they are designed only for general reference. Consulting a Certified Practising Valuer is essential for precise and reliable insurance valuations.

Will a Desktop Valuation suffice?

Desktop insurance valuation reports often come with a plethora of disclaimers, absolving assessors of potential wrongdoing and highlighting the trade-off between cost saving and adequate insurance coverage.

Broker recommended insurance value?

An insurance broker may recommend an automatic % increase annually. Building prices change, and projected inflation is usually lower. However, building costs have risen a great deal since COVID.

With so many known unknowns that can severely damage a property, why risk it? Building costs and fluctuating international demand for raw commodities alone should be cause for concern.
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Delphi Independent Property Valuers can provide an accurate building insurance valuation report. Our insurance Valuers are well-equipped to provide you with industry-endorsed building reinstatement and building replacement valuation reports. 
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When our Building Insurance Valuers are on site, owners and occupants are encouraged to talk to us with any property-related questions. We can also review your current insurance policy and offer guidance where possible. The devil is in the detail. 

House infused in venn diagram

A Valuation for Building Insurance Replacement and Reinstatement purposes should compel the Building Insurance Valuers to consider the following: 

 

  • Allowance for the time it will take to rebuild the building in its entirety, taking into account all required approvals of local councils and other statutory authorities

 

  • Comments relating to the removal of dangerous materials, delays due to objections from local communities and court appeals, and other relevant considerations

 

  • Onerous easements, encroachments, zoning issues, flood, landslip, main roads acquisition and restrictions on access

 

  • The full costs for the removal and disposal of debris 

 

  • All fees payable to professional people or companies employed or consulted in the course of the rebuilding or replacement of the building, including but not limited to architects, engineers, electricians, surveyors and lawyers, as well as all costs associated with terminating existing schemes, authorisation of new plans and court costs including appeals

 

  • As the definition of 'building' includes proprietors' improvements and fixtures, it is necessary for the value of all such improvements and fixtures to be included in the final valuation figure. 

 

  • Projected changes in the BPI are updated quarterly, so it is essential to review your insurance policy annually. 

 

Our Building Insurance Valuers in Melbourne, Brisbane, and Perth will provide appropriate comments in our reports, including any disclaimers or advice limitation clauses related to the assessment. Moreover, we will ensure that any areas of concern identified are communicated to our clients.

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