The Owners Corporation Act 2006 requires an Owners Corporation to have insurance
of all buildings and common property on strata and company title properties
on a reinstatement and replacement basis.
It is therefore critical to ensure that the Owners Corporation building insurance is regularly reviewed to ensure that its reinstatement and replacement value is adequate in the unfortunate event that the property is damaged or destroyed.
Paisley Property Valuers can provide an Owners Corporation with a comprehensive and independent building reinstatement and replacement insurance valuation report.
A valuation report completed by a certified practising valuer is a legal assessment.
If you would like a quotation or to book in a property valuation please contact us.
Phone: 1300 766 438