What is An Insurance Assessment?

All property owners require insurance cover to protect their investment.

However, all too often property owners incorrectly insure their property, whether it be under insured or over insured. Having your property insured for its purchase price may seem like the right choice, but will it cover the actual cost to rebuild? This means including costs such as;

  • Demolition
  • Design and engineering
  • Project Management
  • Permits
  • Construction

Additionally, when you insure your property for its purchase price you are effectively yet unnecessarily insuring the land!

NBtax, being part of the Napier & Blakeley group, are among the most experienced Quantity Surveyors in the country. Quantity Surveyors are perfectly positioned to advise on appropriate levels of insurance for property re-building.

With exposure to billions of dollars of actual construction costs, our Quantity Surveyors, provide a solid platform for insurance advice. This advice should also help you negotiate with insurers if you need to make a claim.

In the event of insurable damage, we can also advise property owners in determining the scope and amount of a claim to be submitted, as well as prepare and administer building contracts for repairs and construction.

To find out more about our Insurance Assessments please contact us on 1300 730 382 or click here to send a request and one of our consultants will contact you.

Alternatively, if you are in need of a property tax depreciation schedule for your investment you can add this service by ticking the ‘Insurance Assessment’ option when ordering here.

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Let the market leaders help you claim up to 20% depreciation on your asset purchases, property improvements and more.