Brokers, Underwriters, Lenders & Property Professionals
Certified Building Replacement Cost Valuations For Commercial & Industrial Properties — Delivered Within 48 Hours, Ready To Submit
Custom-Scoped For Full Or Partial Rebuilds
Informed By Current Construction Cost Data
Documented For Underwriter Or Broker Use
Custom-Scoped For Full Or Partial Rebuilds
Informed By Current Construction Cost Data
Documented For Underwriter Or Broker Use
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15+ Years
Property Risk & Surveying Experience
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Western Australian Owned, Local Presence
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Choice for Insurer-Approved Property Risk Reports in WA
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Broker Repeat & Referrals Clients
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Insurer-Approved Risk Survey Reports Delivered Across Australia Annually
WHO THIS SERVICE IS FOR
If You Own, Manage, Or Insure A Commercial or Industrial Building
A Replacement Cost Plan is relevant to any person or organisation responsible for ensuring a commercial property is adequately insured. If any of the following describes you, Survaid can help:
You own or manage a commercial, industrial, strata, or mixed-use property and want to confirm your sum insured is accurate
Your insurer or underwriter has requested a replacement cost assessment as part of the placement or renewal process
You are an insurance broker ensuring your client's property is insured for its correct rebuild value
You are a strata manager with a legislative requirement to maintain an accurate replacement cost valuation
You have not had your replacement cost assessed in more than two years and want to confirm adequate coverage
WHAT IS A REPLACEMENT COST PLAN?
A Certified Valuation Of What It Would Cost To Rebuild Your Property — Scoped For Full Or Partial Loss
A Replacement Cost Plan is a certified valuation that establishes what it would cost to rebuild your commercial property should it suffer damage — whether that is a partial loss or a total rebuild. Unlike a market valuation, it is a construction cost assessment that reflects the actual cost of reinstating your building as it currently stands, using current construction cost data.
Survaid's Replacement Cost Plans are prepared for property owners and insurers, and documented specifically for use by underwriters and brokers. Whether you need a valuation to support a new placement, confirm adequacy at renewal, or establish a sum insured for a strata or commercial property, the plan provides a certified, defensible figure your insurer can rely on.
WHY IT MATTERS
Underinsurance Is One Of The Most Common & Costly Mistakes In Commercial Property
Research consistently shows that a significant proportion of commercial properties in Australia are underinsured — meaning the sum insured on their policy would not cover the full cost of rebuilding in the event of a major loss. This creates serious financial risk for property owners and complications for brokers managing the placement.
Underinsurance means you bear the difference between your insured limit and the actual rebuild cost — which on a commercial property can be hundreds of thousands of dollars
Strata buildings in many states have a legislative requirement to maintain a current replacement cost valuation — failing to do so may create compliance exposure
An accurate, professionally prepared Replacement Cost Plan gives your insurer confidence in the sum insured and supports a cleaner, faster placement
WHAT YOU RECEIVE
Your Certified Replacement Cost Plan — Scoped For Your Property, Documented For Your Insurer, Delivered Within 48 Hours
Every Replacement Cost Plan delivered by Survaid is certified, property-specific, and prepared for direct use by your underwriter or broker.
Your plan includes:
A certified replacement cost valuation scoped specifically for your property — covering full rebuild or partial loss scenarios as required
Valuation informed by current construction cost data, reflecting actual rebuild costs at the time of assessment
Formal documentation prepared for use by your underwriter or broker — formatted to support insurance placement or renewal
Custom scope — the plan is tailored to your property type and your insurer's specific requirements
Delivered within 48 hours of the site inspection
Direct communication with Aaron throughout the engagement
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HOW IT WORKS
A Clear, Professionally Managed Process From Booking To Delivery
Initial Scope Confirmed
Aaron discusses your property and confirms the scope of the assessment — including any specific insurer requirements, property type considerations, and whether a full rebuild or partial loss scenario is required.
Site Inspection Completed
A thorough on-site inspection is carried out, documenting construction type, dimensions, finishes, building features, and any site-specific factors relevant to the replacement cost calculation.
Replacement Cost Calculated
Using current construction cost data, Aaron prepares the certified replacement cost valuation — scoped for full or partial rebuild as required, and informed by the specifics of your property.
Plan Delivered
The completed Replacement Cost Plan is delivered within 7 days of the site inspection — ready for submission to your insurer or underwriter, and documented for broker use.
WHY SURVAID
Professional. Accurate. Independent.
Independent Assessment: Survaid's Replacement Cost Plans are prepared independently — not tied to any insurer, broker, or builder. The certified valuation reflects your property's true rebuild cost based on current construction data, giving both you and your insurer a figure you can rely on.
Locally Based: Construction costs vary significantly by region and property type. Survaid local based expertise means your Replacement Cost Plan reflects current, local construction market conditions — not a national average that may not apply to your property.
Custom-Scoped Valuation: Every Replacement Cost Plan is scoped to your specific property — full rebuild or partial loss — and documented in a format your underwriter or broker can use directly. Custom valuation, current data, clear output.
Regular Review Recommended: Construction costs change. Survaid recommends reviewing your Replacement Cost Plan at least every two years, and whenever there has been a significant change to the property. We make it easy to schedule a review as part of your regular insurance cycle.
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What To Look For In A Replacement Cost Plan Provider
OTHER SURVAID SERVICES
Need More Than One Report Type?
Survaid offers four specialist property report services. Many clients require more than one — and we handle them all. Simply mention it in your enquiry and Aaron will scope everything in a single visit where possible.
Property Risk Reports
Comprehensive insurer-compliant risk assessments for commercial properties — identifying fire, flood, theft, and liability exposures.
Asbestos Management Plans
Licensed asbestos assessors and NATA-accredited testing — management surveys, refurbishment/demolition surveys, and full HAZMAT management.
Thermographic Scans
Electrical switchboard thermal imaging to detect hidden faults and meet commercial insurer annual inspection requirements.
To enquire about multiple services, simply mention it in the form below and Aaron will discuss the most efficient way to scope and schedule your engagement.
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What Our Clients Say
Survaid's reputation is built on consistent delivery and genuine professional relationships.
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Replacement Cost Plans — Common Questions Answered
What is the difference between a Replacement Cost Plan and a market valuation?
Can the valuation be scoped for a partial loss, or only total rebuild?
Is a Replacement Cost Plan required by my insurer?
How often should a Replacement Cost Plan be updated?
What property types does Survaid assess for replacement cost?
Will my insurer accept the Survaid Replacement Cost Plan?
ENQUIRY FORM
Request Your Report
Complete the form below to request your Replacement Cost Valuation. Aaron will respond within one business day to discuss your property, confirm scope, and provide a quote.
