A Melbourne Strata Insurance Valuation is a professional who provides appraisals and valuations of strata properties for the purpose of insurance.
They work with insurance companies to assess the risk of insuring a Melbourne Strata Insurance Valuation and determine the appropriate premium for the coverage.
Melbourne Strata Insurance Valuation are typically experienced in both the insurance industry and the real estate market. They use their knowledge of these two areas to provide accurate valuations of strata properties.
The role of a Melbourne Strata Insurance Valuation is to provide an independent assessment of a strata property’s value. This value is used to calculate the premium that the strata corporation will pay for its insurance policy.
A Melbourne Strata Insurance Valuation takes into account a number of factors when appraising a property, including the location, age, and condition of the property.
They will also consider the type of strata property it is, as well as the current market value of similar properties.
Melbourne Strata Insurance Valuation must be accredited by the Insurance Council of Australia (ICA). They must also complete ongoing professional development to keep up to date with changes in the strata insurance industry.