Steps in the valuation process
While Addsure is not in the business of valuations or quantity surveying, we have decades of experience dealing with replacement cost valuations, which lie at the heart of our insurance…
insurance valuation
Actions following an insurance valuation
In terms of The Sectional Titles Schemes Management Act 8 of 2011 (STSMA), specifically, Prescribed Management Rule 23.(3), A body corporate must obtain a replacement valuation of all buildings and…
Replacement values and legislation
(Updated: 6 January 2025) This article unpacks the legislation and prescribed rules related to replacement values, summarising them in layman’s terms: Section 3.(1)(h) of the Sectional Title Schemes Management Act…