Rental Property Valuation for Insurance Purposes: An Australian Guide
Why Valuation Matters in Property Insurance Before diving into the depths of rental property valuation in Australia, it’s essential to understand its significance in the world of insurance. The primary goal of insurance is to provide landlords with financial protection against potential losses. Getting an accurate property valuation ensures that a rental property is neither underinsured nor overinsured. Understanding the Basics of Property Valuation What is Property Valuation? Property valuation is the process of determining a property’s monetary worth. This