Insurance Valuations
Don't leave it to chance! Ensure your property is appropriately insured, per your strata scheme's requirements under the Strata Schemes Management Regulation 2016, by ordering a comprehensive insurance valuation detailing the replacement value of the strata scheme.
And you can take comfort in knowing that a registered real estate valuer conducts all our insurance valuations.
The best practice approach is for strata schemes to obtain a new valuation every three years and Lot 1 in community schemes every five years. We recommend conducting these more frequently to ensure your property is adequately insured should unforeseen incidents occur. A frequently updated insurance valuation will ensure that inflation and the changing costs of materials and services are considered when renewing your strata plans insurance.