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“Don’t leave it until your making a claim to find out whether you’re adequately insured – talk to QBM now.”

Today there is an even greater array of unexpected risks facing organizations, from fires and natural disasters to terrorism and other man made hazards.  That’s why it’s imperative that all complexes are properly covered. Failure to do so can turn an unfortunate incident into the event that leaves the owners with out of pocket expenses to meet.

Here’s how regular insurance valuations with QBM can benefit you.

• They ensure adequate cover and reduce the likelihood of paying unnecessarily high premiums.
• There cost effective.  Once a valuation program has been put in place, it can help ensure that you are managing your insurance costs and cover effectively.

“Our insurance Valuations ensure that your building is insured for the full amount it would take to replace the building nothing less.”

Make sure your insurance Valuation is accurate. Talk to QBM.

What is an Insurance Valuation?

It is a valuation of a Building or complex for replacement purposes and specifically relates to the reconstruction of a building or complex due to the occurrence of an insurable event, for example a fire. Replacement value involves the reconstruction of a building in conformance with current regulations.

Does this insurance Valuation include the value of the land?

No, the purpose of the valuation is to replace the improvements on the Strata Scheme Land - it is presupposed that the land will be substantially intact after an insurable event.

Elements used in the Calculated Value of the Building Replacement

The calculated value of the building comprises of several elements:

• Present Building Costs
• Allowance for Cost Escalation during the lead time of planning, calling tenders, and fitout.
• Professional Fees
• Removal of Debris
• Cost Escalation in the likely time lapse between the anniversary date and the date of any happening