Black and Red Building

INFLATION

DEBRIS REMOVAL

COST ESCALATION

DANGEROUS MATERIALS

COURT COSTS

ZONING & EASEMENTS

PROFFESIONAL FEES

ACP CLADDING

MELBOURNE'S SPECIALIST BUILDING INSURANCE VALUERS

INDUSTRY COSTINGS

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...

FLOODS

WHAT PEOPLE ASK

Is it better to be over insured?

Asking "Is it better to be over-insured" is an admission that you don't know what the correct level of insurance is.

 

For all you know, your "safe insurance" amount is severely under-insured. 

Accuracy of online calculators?

These methods are not accurate and designed to be a guide only.

 

A Certified Practising Value should be your only go-to

Will a Desktop Valuation suffice?

These are cheap for a reason and are usually prepared amidst excessive amounts of disclaimers, exonerating the assessors of any wrongdoing.

Broker recommended insurance value?

An insurance broker will work off a previous Valuation and provide an automatic 5% increase annually. Building prices change and projected inflation are usually lower.

It is essential to keep your building insurance level up to date and at an adequate level, no matter what the age, size and location of the property. 

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 you with 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 Valuers are on site, owners and occupants are encouraged to talk to us with any property related questions. We can also go through your current insurance policy and offer guidance where we can. The devil is in the detail. 

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A Valuation for Building Insurance Replacement and Reinstatement purposes should be able to comment on 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. 

 

Delphi will make appropriate comments in our reports, any disclaimers or advice limitation clauses relating to the assessment. Additionally, any areas of concerns identified will be brought forward to our clients.