Replacement Value (@InsuranceAssessment)

We parse Replacement Value from ValueComponent/@InsuranceAssessment. This field is required by a Critical Check (see Replacement Insurance Critical Check.)

The Replacement Value field is strictly a numeric value except for unit report types, where you may use non-numeric text to describe the strata insurance arrangement.

  1. If the report type is a normal dwelling or vacant land (any non-strata report type), then we require a numeric dollar value. A text value will not populate onto the report!
  2. Otherwise, if the report type is a strata unit, then we require a textual string explaining the insurance situation. A typical example is "Building insurance arranged by Strata Corporation." A dollar value is also acceptable if the unit is non-strata.