Insurance Valuation Coordination

Professional coordination of mandatory building insurance valuations for strata schemes

Service Overview

Every strata scheme in NSW must maintain adequate building insurance to cover the full replacement cost of the property. To ensure this, most states and territories require regular professional insurance valuations (typically every 3–5 years, with NSW mandating at least once every 5 years under the Strata Schemes Management Act 2015).

For self-managed committees, organising a compliant valuation can be difficult:

Finding a qualified, insured valuer who understands strata property
Providing the right building information and access
Ensuring the valuation meets insurer and legislative requirements
Reconciling valuation outcomes with the current insurance policy

Failure to obtain or update an insurance valuation can leave the scheme under-insured (risking inadequate cover) or over-insured (paying unnecessarily high premiums).

Our Insurance Valuation Coordination service manages the entire process for you — from sourcing the right valuer to delivering the final report for committee approval.

This service is ideal for:

Self-managed schemes unsure of valuation requirements or suppliers
Committees preparing for insurance renewal and wanting to avoid disputes about cover levels
Schemes that haven’t had a valuation in several years and may now be non-compliant

What’s Included

Pre-Valuation Preparation

Requirement Check

Confirm your state’s legislative frequency requirements and insurer expectations.

Valuer Sourcing

Obtain quotes from qualified, independent, and insured professional valuers.

Information Gathering

Collect building details (plans, construction type, improvements, prior valuations) to brief the valuer.

Valuation Coordination

Booking & Access Management

Liaise with the valuer and arrange site access with owners, caretakers, or contractors.

Scope Confirmation

Ensure the valuation includes full replacement cost, demolition/removal, and professional fees — not just construction costs.

Committee Updates

Provide status updates during the process and answer committee questions.

Post-Valuation Support

Report Review & Delivery

Deliver the final valuation report to the committee and highlight key findings (e.g. increases in sum insured).

Insurance Alignment

Provide the report to your insurer or broker to update the scheme’s policy cover.

Record Keeping

Store the valuation in your scheme’s compliance records for future reference and tribunal protection.

Why Choose Our Insurance Valuation Coordination Service?

Avoid Under-Insurance Risks – Protect your scheme from exposure in the event of total loss or partial damage.

Save on Premiums – Ensure you’re not paying for inflated or inaccurate sums insured.

Independent Professionals Only – We only engage valuers who are licensed, insured, and experienced in strata property.

Stress-Free Process – We manage communications, bookings, and follow-up — leaving your committee with a clean, ready-to-use report.

Pricing

(Including GST)

Insurance Valuation Coordination (standard scheme): $250
Complex schemes (multi-building or staged developments): from $330
Additional support (urgent valuations, multiple insurer queries): $120/hour

Important Note:
Our coordination fee does not include:

The cost of the professional insurance valuation report (paid directly to the valuer)
Any inspection or site visit fees charged by the valuer

Bundle with:

Insurance Quote Coordination (to ensure your updated valuation is used for renewal)
Compliance Health Check (to confirm other statutory obligations are current)
Strata Roll Audit (to make sure contact and scheme records align with valuation reports)

How It Works

1. Provide Scheme Details

Send us your strata plan number, last valuation report (if available), and insurance renewal date.

2. Valuer Engagement

We obtain quotes, confirm scope, and arrange a professional valuer.

3. Inspection & Report

The valuer inspects the property, prepares the report, and issues the updated valuation.

4. Report Delivery

We provide the report to your committee and insurer, with a compliance copy for records.

5. Ongoing Reminders

We add your scheme to our system to remind you before the next valuation deadline.

Related Strata Services

Book This Service

Take the pressure off your next strata meeting.

Book a skilled, impartial chairperson to ensure your Insurance Valuation Coordination is run professionally, fairly, and in full compliance with the law.