Insurance Valuation Management For Strata Body Corporate and Commercial Buildings - Australia

With the rising of extreme events in North Queensland over the last couple of years, and currently with Cyclone ITA on the horizon. It is a timely reminder of the value of having an Insurance Valuation done on strata body corporate and commercial buildings to determine if the building is properly insured should the worst happen. 

Best practice in the industry is having a review of the building replacement insurance every 5 years, with this requirement written into body corporate and Strata legislation. 

Northern Queensland has experienced a dramatic rise in its insurance premiums and it is certainly a contentious issue, with the excessive premiums from the insurance companies making it harder for owners. 

Strata Community Australia has embarked on a campaign to bring these issues to the insures and getting some common sense back in the market.

For a building replacement insurance assessment on your building contact Independent Inspections on 1300 857 149 today!