Building Insurance Valuations
Independent building insurance valuations prepared to assist property owners, managers, investors and brokers with replacement cost assessments, reinstatement cost reporting and building sum insured reviews.
Professional building insurance valuation reports
A building insurance valuation assesses the estimated cost to replace, rebuild or reinstate a building if damage or total loss occurs. This type of valuation is prepared for insurance purposes and is different from a market valuation.
Australian Insurance Valuations provides independent building insurance valuation reports for a wide range of property assets, helping clients review whether their building sum insured remains suitable.
Building insurance valuations may consider:
Replacement cost, demolition, debris removal, professional fees, escalation allowances, building services, site improvements, construction costs and reinstatement-related factors.
Buildings we assess for insurance purposes
Our building insurance valuation reports can be prepared for residential, commercial, industrial, strata and specialised buildings.
Residential Buildings
Houses, townhouses, duplexes, villas, apartments and residential investment properties.
Commercial Buildings
Offices, medical centres, retail premises, professional suites and mixed-use buildings.
Industrial Buildings
Warehouses, factories, workshops, production facilities and logistics assets.
Strata Buildings
Apartment complexes, owners corporations, common property and multi-unit schemes.
Retail Buildings
Shops, retail centres, showrooms, hospitality premises and high-street retail assets.
Specialised Buildings
Medical, childcare, education, religious, community and special purpose property assets.
Building insurance value is not the same as sale price
Insurance valuation focuses on the cost to rebuild or reinstate the building improvements, not what the property may sell for in the market.
Assesses the estimated cost to replace or rebuild the insured improvements.
Helps reduce the risk of relying on outdated or unsupported building sums insured.
Provides a professional report suitable for insurance review and property records.
How building insurance valuations are prepared
Property Details
We review the building type, location, use and insurance valuation requirements.
Inspection
Where required, the building is inspected to assess improvements and relevant features.
Cost Review
Replacement, reinstatement, demolition and professional cost factors are considered.
Report Delivery
A completed building insurance valuation report is provided for review.
Building Insurance Valuation FAQs
What is a building insurance valuation?
A building insurance valuation estimates the cost to replace, rebuild or reinstate building improvements for insurance purposes.
Is land value included?
Insurance valuation usually focuses on insured improvements rather than the market value of land.
Why should building insurance valuations be updated?
Construction costs, labour costs, building conditions and property improvements can change over time, affecting the appropriate sum insured.
Need a building insurance valuation?
Contact Australian Insurance Valuations to arrange a professional building insurance valuation report for replacement cost, reinstatement cost or underinsurance review purposes.
Independent replacement cost reporting for residential, commercial, industrial, strata and specialised buildings.