Strata Sum Sure Description
Strata Sum Sure is an innovative digital solution created by CoreLogic to help strata managers in Australia accurately determine the rebuilding costs for multi-storey strata-titled properties. By entering essential property characteristics, users receive estimates that are aligned with current market construction prices. The tool relies on verified data from national suppliers and incorporates frequent updates and expert insights from builders and insurance assessors to maintain its reliability. Strata Sum Sure is tailored to meet the requirements of various state-specific regulations that mandate adequate insurance for strata properties, thereby reducing the chances of both under-insurance and over-insurance. It streamlines the process of generating rebuild cost estimates, offering reassurance to owner corporations and individual lot owners by effectively managing financial risks associated with significant insurance claims. This ensures that property owners can have confidence in their insurance coverage and be prepared for unforeseen circumstances.
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