InsuranceValuations

Accurate Replacement Cost Valuations for Insurance Purposes

An Insurance or Replacement Cost Valuation determines how much it would cost to rebuild or replace your property if it were damaged or destroyed. At Propti, certified valuers prepare detailed insurance valuations that help owners, body corporates, and investors ensure they are fully covered.

If you also need other types of property reports, explore our Retrospective Valuations or QS Reports for comprehensive coverage.

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What Is an Insurance or Replacement Cost Valuation

An Insurance Valuation estimates the current cost to rebuild your property, including materials, labour, professional fees, and demolition. It provides an accurate figure for setting the correct insurance sum insured and preventing underinsurance or over insurance.

Replacement valuations are commonly used for

• Residential homes and investment properties

• Commercial and industrial buildings

• Strata and body corporate properties

• Property portfolios and managed funds

All reports are prepared by qualified valuers using current construction cost data and industry benchmarks.

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Why an Accurate Insurance Valuation Matters

Many properties are underinsured, leaving owners exposed if a claim occurs. A professional valuation ensures

• Adequate cover for total replacement and associated costs

• Compliance with insurer and body corporate requirements

• Independent and up to date assessment

• Peace of mind knowing your property is properly protected

A Propti insurance valuation protects your assets and ensures you are not paying more than necessary in premiums.

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What’s Included in a Propti Insurance Valuation Report

Each report includes

• On site or desktop assessment by a certified valuer

• Replacement cost calculation based on current construction rates

• Breakdown of building, external works, professional fees and contingencies

• Full PDF report suitable for insurance and strata compliance

• Guidance on review intervals and inflation adjustments

For building owners undertaking renovations or new construction, we also recommend our QS Reports for cost planning and depreciation purposes.

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Why Choose Propti

• Nationwide coverage with certified valuers

• Reports accepted by insurers and strata managers

• Fast and reliable service with clear pricing

• Transparent process with no hidden fees

• Trusted by property owners, developers, and body corporates

We combine valuation expertise with practical knowledge of construction costs to deliver reliable replacement values across Australia.

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Get Your Insurance Valuation Started

Avoid the risk of being underinsured. Provide your property details and we will deliver an accurate, certified insurance valuation report within days.

Book an Insurance Valuation or Contact Us to request a quote today.

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Frequently Asked Questions

1. What is an Insurance Valuation?
An Insurance Valuation estimates the cost to rebuild or replace your property in the event of loss or damage, forming the basis for your insurance coverage.

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2. How often should an Insurance Valuation be updated?
It is recommended every two to three years or sooner after major renovations, as construction costs can change significantly.

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3. Are Insurance Valuations required for strata properties?
Yes. Most strata schemes must obtain a replacement cost valuation at least every five years under state legislation.

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4. Can I use a Quantity Surveyor’s estimate instead?
A valuer’s report is preferred for insurance purposes as it reflects market based replacement value rather than purely construction cost.

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5. How long does a Propti Insurance Valuation take?
Most reports are completed within three to five business days depending on property size and complexity.