---
title: "Prepare the scheme's insurance and valuation compliance report"
url: "https://ailawframework.com/practice/strata-and-community-titles/prepare-the-scheme-s-insurance-and-valuation-compliance-report"
type: "task"
site: "AI Law Framework"
id: "A47-X20260927-5"
practice_area: "Strata & Community Titles"
tier: "yellow"
lawyer_review: "required"
last_reviewed: "2026-10-22"
---

# Prepare the scheme's insurance and valuation compliance report

> Assemble the schedule of required covers, current policies, sums insured and valuation dates from the renewal papers against the statutory list the lawyer supplies, and draft the gap entries for the lawyer to settle.

Canonical page: https://ailawframework.com/practice/strata-and-community-titles/prepare-the-scheme-s-insurance-and-valuation-compliance-report  
Last reviewed: 2026-10-22

Site index for agents: https://ailawframework.com/llms.txt

## Key facts

| Fact | Value |
| --- | --- |
| Practice area | [Strata & Community Titles](https://ailawframework.com/practice/strata-and-community-titles.md) |
| Human involvement | Yellow: Lawyer and AI draft together |
| How AI is used | Assemble the schedule of required covers, current policies, sums insured and valuation dates from the renewal papers against the statutory list the lawyer supplies, and draft the gap entries for the lawyer to settle. |
| What the lawyer must review | Confirm which covers this scheme type must hold under the current statute or module, check the sums insured and the valuation interval and basis against the policy and the valuation itself, and decide what the committee must be told. |
| Written for / versions | 1 jurisdiction versions below |

## Checking plan

**Source-by-source verification**

Trace relied-on content to independent sources and check for relevant material the output has missed.

- What the AI does: Assemble the schedule of required covers, current policies, sums insured and valuation dates from the renewal papers against the statutory list the lawyer supplies, and draft the gap entries for the lawyer to settle.
- What the lawyer does: Confirm which covers this scheme type must hold under the current statute or module, check the sums insured and the valuation interval and basis against the policy and the valuation itself, and decide what the committee must be told.
- Who reviews: Responsible lawyer with competence in the matter
- Basis: Practical workflow informed by the linked primary sources; the traffic light and working checks are editorial guidance, not a court classification.
- Why: The level reflects what the work is, the consequence of an error, and how much of the output the lawyer must independently re-derive.

## Checks the lawyer makes

1. Confirm the instructions, the jurisdiction and the complete relevant material before starting.
2. Confirm which covers this scheme type must hold under the current statute or module, check the sums insured and the valuation interval and basis against the policy and the valuation itself, and decide what the committee must be told.
3. Check the output against the source documents named in it before it is relied on.

## Notes

- These are suggested working checks. Confirm the required checking with the responsible lawyer before work starts; the checking approach does not establish permission to use AI.

## Sources

- [https://legislation.nsw.gov.au/view/whole/html/inforce/current/act-2015-050](https://legislation.nsw.gov.au/view/whole/html/inforce/current/act-2015-050) (checked 2026-09-27)
- [https://www.legislation.qld.gov.au/view/whole/html/current/act-1997-028](https://www.legislation.qld.gov.au/view/whole/html/current/act-1997-028) (checked 2026-09-27)
- [https://www.legislation.wa.gov.au/legislation/prod/filestore.nsf/FileURL/mrdoc_45344.pdf](https://www.legislation.wa.gov.au/legislation/prod/filestore.nsf/FileURL/mrdoc_45344.pdf) (checked 2026-09-27)

## Forms and precedents for this task

| Form or precedent | Kind | AI level | Summary |
| --- | --- | --- | --- |
| [Victorian owners corporation insurance minimums](https://ailawframework.com/precedents/strata-and-community-titles/vic-insurance-minimums.md) | Checklist | Yellow | Checklist of the minimum reinstatement and public liability insurance Consumer Affairs Victoria states for an owners corporation, including the two-lot and multi-storey cases. |
| [Queensland body corporate compulsory insurance](https://ailawframework.com/precedents/strata-and-community-titles/qld-compulsory-insurance.md) | Checklist | Yellow | Checklist of the compulsory insurance the Queensland Government page states for a body corporate, including public risk of at least $10 million. |

Signed-in accounts can read the full text of each one.

## Jurisdiction versions

| Jurisdiction | Level |
| --- | --- |
| [United States](https://ailawframework.com/practice/strata-and-community-titles/prepare-the-scheme-s-insurance-and-valuation-compliance-report/united-states.md) | Yellow |

*Practice guidance for planning and review. Confirm current primary sources and the requirements of the actual matter. This is general information, not legal advice.*