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Capetonians beware: Rates increase approaching!

The properties are compared by erf size, number of bedrooms, number of bathrooms and quality class. Needless to say, this automated mass valuation method cannot take into account factors that require a keen (human) eye, such as state of repair, specific design, etc. This often leaves the accuracy of such valuations in doubt.

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Contents valuation: Moveable Assets Registry (Part 2)

In valuing the contents, most asset management specialists will consult annual guide books to estimate the value of an item or similar item. To achieve a higher degree of accuracy, we (Mirfin) research the open market for the replacement cost of each exact item or its successor. In the case of unique items where we are unable to source a price, we will agree with the insured on a suitable value.

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Contents Valuations: Moveable Asset Registry (Part 1)

If you ask any homeowner to estimate the current value of their home contents, the chances are that they will underestimate the total value by more than 50%. The insured party need to spend some time creating a detailed list of all their assets and then research its current replacement cost.