Audience
Strata managers and owner corporations seeking a tool providing accurate rebuild cost estimates to ensure adequate insurance coverage for strata properties
About Strata Sum Sure
Strata Sum Sure is a digital tool developed by CoreLogic to assist strata managers in accurately estimating rebuild costs for multi-storey strata-titled properties in Australia. By inputting key property attributes, users can obtain rebuild cost estimates that reflect current construction costs. It utilizes validated data from national suppliers, incorporating regular updates and insights from builders and insurance assessors to ensure accuracy. Strata Sum Sure is designed to comply with various state-based legislations that require strata properties to be adequately insured, helping to minimize risks of under-insurance and over-insurance. It offers a streamlined process for generating rebuild cost estimates, providing peace of mind to owner corporations and multiple lot owners by ensuring financial risks are managed in the event of a large insurance claim.
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Cordell Sum Sure
Cordell Sum Sure is an intuitive online calculator developed by CoreLogic, designed to provide accurate property rebuild cost estimates for homeowners and insurers. By entering a property address, users receive instant, data-driven estimates based on current construction costs, including materials, labor, and compliance with building codes. It is regularly updated to reflect fluctuations in construction prices and industry standards, ensuring that estimates remain reliable and relevant. An optional Bushfire Attack Level (BAL) module is available, offering tailored rebuild cost assessments for properties in bushfire-prone areas. Cordell Sum Sure also features a Portfolio Review tool, enabling insurers to assess and manage the risk of underinsurance across multiple properties. Cordell Sum Sure supports seamless integration with existing quoting and renewal systems through its API, streamlining the insurance process and enhancing client engagement.
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Company Information
CoreLogic
Founded: 1987
Australia
www.corelogic.com.au/software-solutions/strata-sum-sure
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