Proofsure – Accurate building and contents valuations made simple
Proofsure is a leading South African assessment company that can assist you to insure your assets at their correct values.
Proofsure’s experts continuously keep up to date with the latest insurance trends to ensure that they give you the most accurate assessment across your buildings, contents, and unique items.
You can expect the following factors to be accounted for in the assessment you receive from Proofsure:
Building replacement costs
- Location
- Construction materials
- Professional fees for architects, engineers, and other experts.
- Demolition costs and site clearance.
Contents asset valuation
- Furniture, appliances, electronics.
- Specialised equipment and machinery.
- Art, collectibles, and personal valuables.
For personal valuables, Proofsure has a separate specialist valuator who can help with this process to ensure accuracy if felt necessary.
The importance of accurate assessments
Proofsure’s services are critical, as both over-insurance and under-insurance are major concerns in South Africa.
If you over-insure your items and buildings, you are effectively wasting your hard-earned money on monthly insurance premiums.
This money could be better used in other areas of your life, like providing a better life for your family.
While under-insurance may not seem to be as big of a problem, it is possibly even more catastrophic.
This is due to clauses which allows insurance companies to pay out less money to you if it is determined that you have under-insured your items and buildings.
Many South Africans insure their properties based on their market value, rather than the metric used by insurance companies – replacement cost.
For example: Let’s say the total cost to rebuild a hypothetical property at R4 million, and you have only insured the building for its market value of R2 million.
An insurance company could therefore say that you are only insuring your property for 50% of its value.
Example, if you submitted a claim for R100,000 in building repairs, the insurer could only have to pay out half of that value – R50,000.
The best way to avoid falling victim to this possibility is by ensuring your property is accurately assessed by experts like Proofsure.
Proofsure will ensure you don’t make these mistakes and instead allow you to sign up for insurance based on their accurate valuation.
Get an assessment
Proofsure recommends that clients get their assessments done every three to five years.
Furthermore, you should get an assessment when you make any significant changes – such as downscaling, inheriting expensive assets, or additions to existing properties.
Proofsure’s experts will perform a comprehensive site inspection using industry-standard cost guides.
These are the same guides used by the insurance industry – ensuring your assessment is appropriate to provide to your insurance company.
- Quote MYBB in your enquiry with Proofsure and qualify for 10% off if you proceed with a building or contents assessment, or 15% if you do both.
Don’t delay – click here to get an assessment from Proofsure.
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