Insurance

We are deemed as a specialist as to current market value, rental determination and associated advisory within this specific and specialist area of real estate.

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, NeelamArch as a 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, our valuation 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 us 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 30 years, professionalism and cost effectiveness of its insurance reports, coupled with its due diligent methods 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.

By obtaining a report from us, you are simply allowing your assets to be insured for the right sum. For the individual home owner it is not simply a case of utilizing the purchase price of the property, or a value reflective of the last sale in your street, it is the cost of rebuilding the improvements as defined under the definition of value as specified within the allocated insurance policy.

For the business owner and occupier of the property, under insurance of a property will trigger a loss in the event of a disaster. Unfortunately, unless professional assistance is sought, most businesses’ or property owners have only 50-75% of the correct insurance value insured.

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