Guidelines for the property owner

The market value of your property is determined by its design, size, condition and location i.e. accessibility, nearby amenities etc.

The insurance value of your property should be based on the current cost of replacing your building in the event of total loss or partial damage at today’s building rates.  This should include the cost of demolition, rubble removal, professional services and additional building services, as well as inflation of costs since policy inception

The above can only be accurately determined by means of a Professional Replacement Cost Valuation.

Bear in mind that should you be under insured, Insurers will reduce your claim pay-out proportionally to the percentage by which you were underinsured.