Insurance Valuation

Keen Property specialises in providing precise and comprehensive insurance valuations, ensuring your property is covered for its true replacement cost. We take a tailored approach to each property, considering factors such as access, topography, historical significance, and reinstatement costs. Our valuations are crucial for securing the right level of cover, helping you avoid the risks of both underinsurance and overinsurance, which can lead to significant financial losses or unnecessarily high premiums.

Unlike many of our competitors, we conduct thorough property inspections, including detailed photos in our reports. We also offer the option to meet with property owners to gain internal access, enhancing our valuers’ understanding of the building and ensuring a more accurate valuation.

Our team is well-versed in current insurance requirements and the rising costs of construction. We ensure compliance with all relevant legislation, regulations, and professional standards.

Asset Classes We Service:

Property Types We Service:

Not sure what type of property you have? We provide insurance valuations for all property types, so no matter the title, we can help you ensure you’re fully covered.

We require a commencement date for the insurance policy to ensure that all valuations comply with government regulations and provide property owners with confidence that they are fully insured throughout the duration of their coverage.

By choosing Keen Property, you ensure that your property is accurately valued, allowing you to optimise your insurance premium and safeguard your financial security.

Insurance Valuation Services in Sydney

Inadequate insurance cover can have significant financial consequences. To ensure your property is adequately insured for replacement costs in the event of a significant or total loss, a professional valuation is crucial.

Our team at Keen Property possesses in-depth knowledge of current building codes, insurance requirements, and the ever-rising construction costs. We provide comprehensive and accurate insurance valuations for strata and community title, residential, commercial, retail and industrial properties.

An accurate replacement cost assessment empowers you to secure appropriate cover and optimise your insurance premium.

Keen Property: Your Partner in Accurate Insurance Property Valuation

Keen Property is a leading provider of insurance valuation services in Sydney, specialising in strata-titled properties. Since 1995, we have assisted clients in ensuring compliance with regulatory requirements, and obtaining appropriate insurance cover through accurate and comprehensive valuations.

Our team of experienced insurance valuers possesses an understanding of relevant insurance valuation requirements and construction costs. This expertise guarantees the highest level of accuracy and dependability in our valuation reports.

By engaging Keen Property, you can be confident that your property’s insurance valuation reflects its true replacement cost, ensuring adequate financial protection in the event of a loss.

Scope Of Work

Why You Should Consider Insurance Valuation For Your Property?

Reduced Financial Burden

A current and accurate valuation minimises the possibility of being out-of-pocket after a major claim. Imagine a fire destroys your building; without proper cover, you could be personally liable for the difference between the insured value and the actual rebuilding cost.

Potential Premium Savings

An accurate valuation demonstrating the true replacement cost of your property may lead to lower insurance premiums. By working with a qualified valuer, you present your insurer with clear evidence of your property replacement value, potentially leading to more favourable premiums.

Peace of Mind

Knowing your property is adequately covered provides invaluable peace of mind. A professional valuation report ensures you have the financial resources to rebuild and restore your investment in the event of a catastrophic event.

Why Choose Us for Insurance Valuation?

When you choose Keen Property for your insurance valuation needs, you benefit from:

Experienced Team of Valuers: Our insurance valuers are seasoned professionals with years of experience in the industry. We leverage our expertise to provide insightful and reliable valuations that our clients can trust.
Accurate and Reliable Valuations: Accuracy is our top priority. We employ rigorous methodologies and the latest valuation techniques to ensure that our reports reflect the true value of your assets.
Customised Solutions for Clients: We understand that every property is unique, which is why we offer tailored solutions to meet your specific needs and objectives. Whether you require a property valuation, asset valuation, or rental valuation, we have the expertise to deliver results that align with your goals.

Insurance Valuation - Our Process

Step 1: Initial Consultation

Setting up a meeting to understand your requirements and objectives to tailor our services accordingly.

Step 2: Collection of information

An accurate valuation demands that all relevant information is available, which may include the sit construction history, zoning, plans and other reports such as asbestos and heritage reports.

Step 3: Site Inspection

Conducting a thorough assessment of the assets or properties to be valued, considering relevant factors such as location, site topography and site access, construction methods and materials, accommodation, use of the property and unique character features.

Step 4: Valuation Report Preparation

Compiling a detailed valuation report outlining our findings, methodology, and recommendations for insurance purposes.

Don't leave your insurance coverage to chance. Get expert insurance valuation services in Sydney and protect your assets with confidence.

Testimonials

    
 
 
       Posted on Google  
   
   Willya Waldburger 
 
 
 
 Trustindex verifies that the original source of the review is Google. I am owner and executive committee member in a residential apartment building in Mascot. Our Strata committee has been working with Keen Property for several years. Keen Property has been providing us with insurance valuations and capital works reports, which have always been prepared with precision and accurately. As owners, we have taken great comfort on relying on the Keen valuation to ensure that our building is correctly insured. The Keen capital works reports have enabled us to maintain cash flow to save for any works that our building would need in the future as well as raising our awareness on what would be needed to maintain the building appropriately. This has assisted strata committee to effectively communicate and manage our building’s financial and repair require events. I am recommending Keen’s Property valuations services without hesitation, they are absolutely wonderful.
  
 
      Posted on Google  
   
   Mary Anne Veliscek 
 
 
 
 Trustindex verifies that the original source of the review is Google. Based on a rental management relationship spanning two decades it is with confidence that I highly recommend Keen Property Services. Alongside reliable professional knowledge, the agency has consistently demonstrated stand-out skills including well-functioning systems, swift response time, calm attention to detail, inclusive and respectful people interactions, diplomacy, tact, sound negotiation as well as appropriate decisiveness. Business relationships such as this deserve to last the test of time.
  
 
      Posted on Google  
   
   Francis Antonio 
 
 
 
 Trustindex verifies that the original source of the review is Google. Darren has been managing our residential unit in Museum Towers for many years and his company, Keen Property, is yet to be faulted. He is proactive in the prevention of overcrowding and adequately screens tenants to reduce that risk. Keen Property’s office is also based in Museum Towers, making them well placed to be aware of tenant issues at short notice. Keen Property is recommended without hesitation to manage any rental properties in the Sydney Central Business District. Dr Francis Antonio and Alison Antonio (Huskisson)
  
 
      Posted on Google  
   
   Pete S 
 
 
 
 Trustindex verifies that the original source of the review is Google. I've been very happy with the great service I've received from Keen Property. I have engaged them multiple times to provide me with valuations of my unit and the valuations have always been well thought out and presented. They are helpful, friendly and professional and I would recommend them to anyone looking to get their property valued.
  
 
      Posted on Google  
   
   Ben Meier 
 
 
 
 Trustindex verifies that the original source of the review is Google. Provided great advice when purchasing our house. Very informative and always available to help!
  
 
      Posted on Google  
   
   Mish Fifita 
 
 
 
 Trustindex verifies that the original source of the review is Google. We have had outstanding experiences with KEEN Property in fulfilling our insurance valuation and capital works fund reporting requirements. KEEN Property's professionalism, expertise, and dedication have undoubtedly elevated our confidence in managing our property's financial aspects. The comprehensive reports provided by KEEN Property were not just documents; they were invaluable insights into the property's financial health and potential areas for improvement. Their thorough analysis and recommendations have empowered us to make informed decisions, thereby safeguarding our property's future. The professionalism and expertise exhibited by KEEN Property's team were unparalleled. Their knowledgeable staff patiently addressed all our queries and concerns, fostering a collaborative environment built on trust and mutual respect.
  
 
      Posted on Google  
   
   Anastasia Kimberly 
 
 
 
 Trustindex verifies that the original source of the review is Google. I love to work with this company. They are thorough, detailed and honest. Kathy is a dream and everyone I've spoken with has been very helpful and generous with their time. They've helped make what would be a complicated issue simple.
  
 
      Posted on Google  
   
   Gaynor Smidt 
 
 
 
 Trustindex verifies that the original source of the review is Google. Selling the house that Dad built and my family home after 61 years was an emotional roller coaster ride.  Kathy from Keen Property had the personality,  professionalism and expertise that was needed to get me through the process. She communicated the process continuously, she new where the market was in the area and what was selling and what was not and achieved a great outcome.  Couldn't recommend them more highly.
  
 
      Posted on Google  
   
   kerri Boner 
 
 
 
 Trustindex verifies that the original source of the review is Google. Keenan property were a great help for being a first time renter. They helped with all the paperwork and we’re quick moving.

FAQs

What is insurance valuation?

Insurance valuation is the process of determining the value of improvements on land for the purpose of replacement or reinstatement due to an insurable event.

Isn’t insurance the same as market value?

These two values are quite different with the market value being the amount the property could be sold on the open market, including the land and buildings. This is quite different to the insurance value which considers the replacement or reinstatement of improvements on the land. Importantly an insurance is not the assessment of market value of the property.

What is insurance replacement cost valuation?

Insurance replacement cost valuation involves assessing the cost of replacing an asset with a similar one at including materials, labour, and overheads having regard to current and projected costs.