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It’s just not worth the risk …
Ensure your building is correctly valued by a Quantity Surveyor for Replacement Cost Insurance, & not an extract from a Property Valuation used for Market Value purposes.
What is the real cost to replace your Building Asset if it was destroyed?
Replacement costs are higher than original construction costs due to inflation, and that damaged buildings need to be demolished and the debris removed. These and other costs are included in the Building Replacement Cost Report for Insurance Purposes supplied by DDH.
Don’t assume you have adequate cover. If it’s been years since your building asset was professionally assessed for insurance you could be under-insured.
Why a Replacement Cost Valuation is necessary :
1. Appropriate quantum of cover to protect your entire Building Asset.
2. Alignment of premiums with cover required to ensure you are not paying too much.
3. Provides a means for expeditious payment of claims made against the policy.
Experienced property owners and managers equate this service with peace of mind – knowing that the insurance cover is relevant and up to date with current construction costs.
If you have further questions
If you have any questions regarding our Quantity Surveying services for insurance purposes, or would like us to provide a fee submission, please give us a call on the number below – all we require is a set of Building Plans including Elevations & Sections.
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