Replacement Insurance Valuation

Are You Adequately Insured?

An accurate replacement insurance valuation gives all property owners the peace of mind that in the unfortunate event of loss or damage, the property will be fully covered. Hidden costs are often forgotten, such as demolition works, professional fees and escalation, which can lead to being under insured and result in replacement cost liabilities.

Rawlinsons (W.A.) experienced Quantity Surveyors are highly trained, holding Bachelors of Science in Construction Management and are members of the Australian Institute of Quantity Surveyors. Our team are experts in the valuation of construction costs for all building types, along with forecasting the estimated time frame associated with redesign and construction.

Property Replacement Insurance Valuation

Why should I use a Quantity Surveyor to create a Replacement Insurance Valuation report?

Quantity Surveyors are universally recognised as the professional's best qualified to estimate construction costs. An accurate replacement insurance valuation will give you piece of mind that in the unfortunate event of loss or damage, your property will be fully covered. If you are underinsured, you will be liable for a portion of the replacement cost yourself.

What is included in a Replacement Insurance Valuation?

Our detailed and easy to read reports include the following:

Building Construction Costs
Locality factors
Professional fees
Development application and other statutory costs
Demolition and removal of debris
Cost escalation during the demolition, design and construction phase
Cost escalation during the insured period
Cost escalation during the construction phase

It is not necessary to prepare a full initial cost of replacement every year, it is sufficient to apply a percentage for escalation,however a full review should be undertaken at least every 2-3 years and no more than 5 years. This will ensure changes in demolition and construction costs, alterations and additions to the insured property, or any change in the properties classification will be insured to the correct value.

Common exclusions from a Quantity Surveyors insurance replacement valuation report are:

Loose furniture and equipment
Tenants’ property
Loss of revenue
Temporary accommodation
Finance costs

How much will a Replacement Insurance Valuation cost?

Each quotation is customised so please contact our office for an obligation free, written quotation.

Sounds great, what do I do next?

Contact our office today; we can have the ball rolling for you ASAP.

Rawlinsons (W.A.) Quantity Surveyors and Construction Cost Consultants are highly trained professionals and experts in estimating construction costs. We cover the full range of cost management services from initial cost planning through to contract administration, as well as ancillary services such as sinking funds forecasts, insurance replacement valuations and tax depreciation schedules.

Since 1983 Rawlinsons (W.A.) have been the leading creators and publishers of construction cost data in Australia. Our comprehensive publications of technical building costs are an essential tool for builders, architects, quantity surveyors and many others in the construction industry. Head over to, Rawlhouse Publishing, for more information and for a snapshot of our services please watch our video below.