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.
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.
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 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.
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.
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.
When you choose Keen Property for your insurance valuation needs, you benefit from:
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
Step 4: Valuation Report Preparation
Compiling a detailed valuation report outlining our findings, methodology, and recommendations for insurance purposes.
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.
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.
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.
