Insurance Valuations
Ensure Your Property is Adequately & Correctly Insured
Properties are more than just structures — they’re significant investments that deserve proper protection. At Valuetec Property Valuers, we specialise in Estimated New Replacement Cost (ENRC) valuations and accurate insurance assessments. Accurate insurance valuation reports are essential to determine the correct sum insured — preventing underinsurance (which may trigger the Average Clause) and avoiding over-insurance that results in unnecessarily inflated premiums.
Our team combines specialist valuation expertise with up-to-date construction cost knowledge, to ensure your assets are neither under- nor over-insured.
Our comprehensive report supports valuations for: insurance placement, reinstatement cost assessments, bank requirements, and claims preparation.
We go beyond simple estimates, evaluating:
Building & Construction Details: Gross building area, type of construction, materials, finishes, roof structure, architectural features, quality of workmanship, and additional features such as solar systems, generators, CCTV, alarms, home automation and pools etc.
Replacement Cost Factors: Current local building costs, material & labour prices, professional fees, demolition, site clearance, and contract escalation.
Market & Economic Conditions: Micro and macro-economic factors, inflation trends, and current SANS/building regulation requirements to deliver a precise, defensible ENRC.
Why Valuetec
Experienced & Registered: All our valuers are SACPVP and SAIV-registered; R10M Professional Indemnity Insurance.
One-Stop Service: We consult with quantity surveyors and construction cost specialists to ensure highly accurate replacement cost assessments.
Client-Focused: Competitive fees, preferential rates for loyal clients, free quotes, and reliable, detailed reports enabling confident insurance decisions.
Proven Expertise: Sound knowledge to answer: Is your property adequately insured? What would it really cost to replace today?
Sectional Title Property Insurance Valuations
Every Sectional Title Scheme requires insurance as it is a legal requirement in terms of the Sectional Title Scheme Management Act. As professional property Valuers, we can assist you with all your Sectional Title Property Insurance Valuations.
The Act stipulates that, among the duties of the trustees are:
- to insure the building or buildings and keep it or them insured to the replacement value thereof against fire and other such risks as may be prescribed.
- to insure against such other risks as the owners may by special resolution determine.
The Management Rule stipulates that the insurance must cover the full replacement value of all units and the replacement value of each unit must be specified separately. The insured value needs to tie up with the sectional plans and the participation quota of the units. The participation quota might vary from unit to unit, due variances in floor extent, so this needs to be accurate.