insurance valuation services melbourne

Insurance valuations unlike current market valuations determine the insurance value specifically of your property in the event of loss or damage. In simple terms, value maybe determined under the basis of “Replacement Value” being “as new” or “Reinstatement Value” being the cost to replace, repair, or rebuild the asset to a condition and extent substantially equal to the improvements existing prior to the damage occurring. As building costs increase, it is important to keep your insurance value up to date. Accordingly, FVG Property as Melbourne’s leading property insurance valuation practice, are up to date in relation to construction costs, basis of value and trends in building cost escalation.

In simple terms, FVG Property allows our clients to protect their assets inclusive of those being owner occupied or held as investments with accurate building insurance reports and cost valuations. What allows FVG Property to be a market leader in this area of expertise as distinct from its competitors, is the many years of experience in the industry being in excess of 20 years, professionalism and cost effectiveness of its insurance reports, coupled with its duty of care in arriving at values. Only through a thorough process inclusive of site inspection, analysis of supplementary documentation, industry cost rates can a determination of value be concluded coupled with years of experience.