Melbourne Building Insurance Valuation
Valuations VIC is an independent valuation company with experts you can rely on for any building valuation service in Melbourne. With an independently conducted insurance valuation, you can trust that the report is unbiased and true.
A building insurance valuation is a property valuation report that calculates the cost of replacing an entire building should it ever fall victim to a destructive event. This is used for applying for building replacement insurance and can be done for any type of building including commercial and residential properties. These insurance valuations are a legal requirement for strata scheme buildings and can be conducted at the same time as determining the unit entitlement for each property.
If you were to have a house valuation for insurance purposes, a property valuer will visit your home and thoroughly inspect it to determine its replacement cost. A valuer will look at the following:
- The overall size of the property, the number of rooms and bathrooms
- The condition of the property with special consideration for renovations and additions
- The features of the property and its architectural design
- The amount of built-in storage that is available
- Parking availability in particular the spaces that are built into the property such as a garage or carport
- The energy efficiency of the property and any energy-saving systems that have been installed
This method for building replacement insurance valuations is a valid valuation method many property valuers use for other types of valuation. This is method is called the replacement cost method and is an accurate and reliable method of determining the value of almost any sort of property. Of course, the best use of this method is for a property valuation for insurance purposes.
Building Insurance Valuation in Melbourne
A building valuation for insurance is best done by an independent property valuer. Independent valuers are not influenced by the interests of the insurance provider and thus provide a more honest and reliable insurance valuation report.
Valuations VIC is an independent valuation company that you trust to conduct an honest insurance valuation. We are sworn to follow the strict professional code of conduct and ethics of both the Australian Property Institute and the Royal Institution of Chartered Surveyors. These institutions set high standards that ensure clients such as yourselves are guaranteed high-quality service.
We have an exceptionally experienced team to conduct our building insurance valuations. Each member of our team is a Certified Practising Valuer with a minimum of 20 years of experience. This level of experience is unmatched by many valuers in Melbourne. This experience level means our service is efficient and reliable. We can deliver our insurance valuation reports in just a few business days and we do so without leaving out a single detail to ensure you never have to pay out of pocket if you ever need to replace your building.
If you are interested in our building insurance valuation service, contact us today. Our experts are always ready to help. Reach us by calling (03) 9021 2009 or by completing our online contact form.