22/10/2026
Is your strata building insured for what it’s actually worth to rebuild? 🏢
It’s a question every strata company should be asking — because the cost of rebuilding your property today could be very different from what it was just a few years ago.
Rising construction costs, labour shortages and changes in building standards can all impact the true replacement cost of your property.
Imagine the unthinkable happens. Your building is destroyed by fire, only to discover the insurance cover falls significantly short of what it costs to rebuild. Who makes up the difference? Ultimately, it could be the lot owners.
That’s why we recommend obtaining a professional building replacement cost valuation every 3–5 years, and reviewing your building sum insured annually to ensure your cover keeps pace with current replacement costs.
At Rezzi Strata, we believe good strata management is about more than looking after your building today. It’s about protecting its value, managing risk and planning for tomorrow.
Because future-proofing your strata scheme starts long before something goes wrong. 💚