Insurance Replacement Valuations
With the recent increases in building costs many buildings are currently underinsured by 10-15%.
Asset Economics (AE) experienced Quantity Surveyors as apart of our Strata Management Reports will ensure that your replacement cost report for insurance, covers the GFA or gross building area by systematically breaking down your building’s replacement costs into the standard building elements.
Your valuation will take into account cost factors like construction type, level of finish, common area and carparking.We cover all items to replace what is currently in place and items that are now required under current BSA legislation.
Other building costs included in our assessment include demolition costs, consultant fees, council and other regulatory fees, escalation costs, hard and soft landscaping etc.
AE uses cutting edge technology such as “on screen take off” that will ensure accuracy so that every square meter of building area is covered. Your Insurance Replacement Valuation will be based on 10 years of experience, and over 3,000 Insurance Replacement Valuations.
To request an Insurance Report / Valuation please follow this link.