For any valuer registered under relevant state legislation (Victoria API membership mandatory), practices undertaking or willing to undertake API risk management module, regionally located valuation practices. We cover:

· Broad definition of insured
· Reinstatement of sum insured
· Continuous Cover
· Rating Flexibility.


At Brooklyn we consider property valuation to be a combination of both an art and a science and as such have decided we need to individually underwrite each risk.. Brooklyn’s highly qualified helpdesk is only a phone call away to talk through all the issues confronting a property valuer..

Call our Valuers specialist Andrew Aitken on 0405 206 842.

Download a fact sheet here.

Download the proposal form here.

Download the policy wording here.

Download the claim form here.

More on ValuerProtect Professional Indemnity Insurance with Brooklyn Underwriting:

Over the past seven (7) years, the Valuation Profession has been subject to many changes including:

• an intense claims frequency;
• dramatic fluctuations in terms of Professional Indemnity premium and excess variances;
• limitations on Professional Indemnity policy coverage;
• the introduction of Industry Risk Management Strategies; and
• overall, Insurer reluctance to underwrite Valuer’s Professional Indemnity Insurance.

This has meant there have been limited options for Valuers to source competitive Professional Indemnity Insurance.

It is evident over the last three years, that the Risk Management Strategies implemented by the Australian Property Institute (API) have helped increase awareness amongst Valuers and deterred Valuation activities that were the cause of many claims against the Profession in the past..

Brooklyn’s approach to underwriting focuses specifically on the activities of each Valuation Practice, rather than applying the traditional rating which bases premium and excess to a risk based on its fees. This approach focuses mainly on:

• Geographical Location of each Practice;
• Valuation Experience;
• Internal Risk Management (additional to API guidelines);
• Nature of Valuations (and relevant experience in performing such Valuations);
• Quality of Reporting Systems; and
• Client Selection Criteria (Lenders you perform work for);

Why ValuerProtect?

• An automatic reinstatement of the Sum Insured;
• A flat excess, irrespective of the type of Valuation that may give rise to a claim;
• Continuous cover;
• Worldwide Geographical limitations, excluding claims brought in the states or protectorates of the USA and Canada;
• Rating flexibility;
• Ability to not limit the size of valuations under taken by insured’s; and an industry specific Proposal and Policy Wording.