Insurance Valuation
Accurate valuation for risk management and insurance purposes
At the time of insurance, it is essential to ensure that assets are neither underinsured nor carrying a high premium. It is not uncommon for businesses to suffer a loss simply due to being underinsured. Additionally, building construction costs typically rise faster than the consumer price index.
Every client has different requirements and varying insurance policy wording. We specialise in understanding asset insurance valuation requirements based on the policy wording and undertake valuations based on either Reinstatement Value or Indemnity Value.
Insurance valuations that protect what matters
From machinery to multi-property portfolios, we deliver accurate, policy-aligned valuations to help you manage risk and ensure proper coverage.
Our comprehensive insurance valuation exercise covers all necessary aspects for rebuilding. The assessment of insurance value for machinery and equipment includes critical factors like current replacement cost, delivery and installation costs, foreign exchange rates for imported equipment, and other associated costs, up to the stage of commercial production. Our detailed reporting also includes a schedule of plant and machinery assets at each location.
B&A Valuers specialise in understanding your asset insurance valuation requirements according to insurance policy wordings. We have assisted clients in accurately assessing their insurance values across residential, commercial, industrial, and heritage properties, as well as portfolios of properties at multiple locations.
Engaging independent insurance valuation is a vital risk management process. Our team works with insurance brokers and insurance managers of large organisations to mitigate the risk of accurately disclosing the declared value of property, plant, and machinery assets to insurers.
Reinstatement value or Indemnity value.
Understanding your insurance policy starts with knowing how value is defined.
- Reinstatement Value is the cost necessary to replace, repair, or rebuild the insured property to a condition substantially the same as, but not better or more extensive than, its condition when new.
- Indemnity Value is the cost necessary to replace, repair, or rebuild the insured property to a condition substantially the same as, but not better or more extensive than, its condition at the time the damage occurred, considering age, condition, and remaining useful life.
Independent Property, Plant, and Machinery Infrastructure Valuation Australia-Wide
Speak to B&A Valuers today for a no-obligation initial discussion on your valuation requirements.