Insurance Valuations are an integral part of the strata management, in reducing the risk to the body corporate, Owners Corporation or Executive Committee. The purpose is to determine the replacement of costs in the event of a fire ,flood or other event , to reduce the impact of a special levy or risk to the building.

Body Corporate and Strata Schemes around Australia have different requirements according to the state regulations.Most Complexes are managed by a Strata or Body Corporate Manager and some are self managed. Each complex is different in it's workings, but there are some common reporting practices that are required by law in being a Responsible Business Corporation.