Discuss a report
Understand the cost of rebuilding
A Strata Insurance Valuation estimates the cost to reinstate a building following a total loss, including the associated costs of rebuilding. It gives strata managers, owners corporations, body corporates and committees a documented basis for discussing the sum insured with their broker or insurer.
Asset Scope assesses the construction costs and allowances relevant to your property, with the scope and assumptions clearly stated. This helps you understand the figure behind your cover and review it as the building or costs change.
What the assessment covers
Your report states the recommended reinstatement amount, assessment date and basis, with key allowances and a recommendation on review timing. The scope reflects your property, policy requirements and jurisdiction, which we clarify before starting.
Construction knowledge with an understanding of strata
Reinstatement costs depend on what is built, how it is constructed and what replacing it would involve. Asset Scope applies construction cost knowledge through structured inspections carried out by a Certified Quantity Surveyor.
Phil’s firsthand strata management experience also informs how we present the findings. The report needs to work for the manager coordinating renewal and for the owners or committee reviewing the recommendation. Each report is checked against our verification checklist before issue.
