Experience has taught us that approximately two thirds of all residential homes and contents are underinsured by between 20 – 50%. The reality is that very few property owners are correctly covered.

A professional replacement cost valuation ensures that a property owner is correctly covered but it also serves as an invaluable marketing tool for the insurance industry.

Therefore, while the view and location increased the market value – the value the home will sell for on the open market – the insured value only needs to reflect the cost to rebuild the house as it stands currently.

Many sectional title owners renovate and upgrade their units over the years with the aim of adding to their living comfort and market value. These owner-installed upgrades often pose a challenge when determining the replacement cost to insure a sectional title scheme.

This blog comprises a number of typical customer complaints that we deal with on a regular basis. Along with these complaints, we include our responses for easy reference and insight into common insurance valuation matters.