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Win a Free Residential Property Valuation With Construction Cost Consultants
To celebrate our long-term partnership with Construction Cost Consultants (CCC), Bonded NZ and CCC are giving away a free residential valuation to a lucky client. This lucky draw aims to promote better, more accurate valuations in the industry, allowing property owners to rebuild with confidence.
Read more on our partnership with CCC and how Bonded clients are eligible for the lucky draw.
Who are Construction Cost Consultants?
Construction Costs Consultants are New Zealand’s premier quantity surveying practice, having completed over 100,000 repair and rebuild valuations in the last twelve years. The organisation prides itself on delivering realistic, precise, and accountable rebuild valuation reports for its clients.
As Registered Quantity Surveyors and fully trained Building Assessors, CCC has an extensive portfolio of construction and building valuation, making them a trusted partner for Bonded NZ.
Our team has long leveraged a fruitful partnership with CCC. As specialist insurance brokers and advisors for businesses, we understand the importance of having properties valued accurately for our clients during rebuilds and replacements. Our partnership with CCC has enabled us to achieve the following goals:
- Reduce the risk of clients’ property assets being underinsured by up to 50%
- Provide accurate and reliable Rebuild Valuation reports that are sanctioned by the New Zealand Institute of Quantity Surveyors (NZIQS) and the New Zealand Insurance Council
- Help clients save on insurance premiums and Fire and Emergency New Zealand (FENZ) levies with approved valuations.
- Tailor the right insurance policies to all clients based on their requirements, ensuring they are covered on all fronts.
The table below is a case study that compares the Rebuild Valuation report by CCC to other valuers. In many cases, clients achieved a significant FENZ levy, which more than offsets their investment in the rebuild valuation.
The importance of better valuations
With the rise in material prices and significant inflation, having an accurate rebuild valuation has never been more important. Property owners must ensure that their valuations account for items such as demolition, professional fees, and allowance for inflation.
More importantly, they need to ensure that these valuation reports are supported by their insurer. Most insurance policies in New Zealand place the onus on property owners to ensure that the sum is accurate. In the event of damage, insurers will not pay more than the sum insured, even if the actual costs of rebuilding the home are bigger than estimated.
An undervalued property puts the owners at risk, leaving them exposed to significant financial liability and distress. A Rebuild Valuation report from a professional Quantity Surveying team like CCC gives property owners assurance that the rebuild costs are accurate without surprises.
It’s important to note that market valuations, pre-purchase inspection reports, CV values, and building reports are not the same as a Rebuild Valuation report. While they do carry weight, they should not be completely relied on for insurance purposes. This is because a Rebuild Valuation is measured and inspected by certified professionals and analysed by a team who work in the building and construction industry daily.
How to win a free Rebuild Valuation report
Bonded NZ and CCC are excited to partner and give away a free Rebuild Valuation report to a lucky client. All bonded clients will be entered automatically and will not have to take any action to be eligible for the prize.
The winner will be announced on 15 November 2024.
Be a Bonded NZ Client
Bonded NZ helps businesses remain efficient in economic uncertainties through comprehensive and tailored business insurance. Whether it's public liability or professional indemnity insurance, our cost-effective options help them secure their business at every angle.
For more information about our services, contact our team today.