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Questions? We’re here to help.
Our Offices
Varsity Lakes | QLD 4227
Sunshine Coast | QLD
Contact
0400 161 659
admin@olivetreeconsultinggroup.com.au
Building Insurance Valuations
This summer season has brought about unpredictable and extreme weather conditions, significantly impacting the insurance industry. The recent surge in insurance premiums has reshaped the landscape, leaving many areas, such as Queensland, in struggling to secure coverage altogether.
Why is an Accurate Insurance Valuation Important?
If the building sum of your insurance policy is overinsured, you could be paying an unnecessary excess in your annual premium.
Alternatively, if the building sum is underestimated, the Body Corporate is at risk of being unable to rebuild after a catastrophic event such as a fire.
“It has never been more important to ensure that the sum insured of your insurance policy is accurate, up to date and relevant to your property”.
Is your Building Insurance Valuation up to date?
Our reinstatement valuation includes demolition costs, construction contract estimate, rise and fall escalations, plus professional fees which would apply to a rebuild. Our estimates are fully quantified and measured from the survey plans, architectural plans and/or from manual measurements taken onsite. We pride ourselves in accuracy that you can rely on.
You can have confidence in our report if the sum insured is challenged by another owner, or an insurance company during a claim. Our point of different is providing measurement data to customers and full transparency with our cost estimate. Industry publications and our internal cost database is updated on a quarterly basis to ensure the most up to date information is always provided.
Importance of an accurate Insurance Valuation:
– Legally compliant according to the Body Corporate and Community Management Act
– Insured accurately to full-replacement value
– Pay the correct premiums – save money!
– Protect property values and keep up-to-date
– Have peace of mind from risk
Contact us today on 0400 161 659 or book online for a free quote.