Dealing with professional indemnity restrictions

Some Insurers are placing new limitations on professional indemnity (PI) cover for property valuers. So what does this mean for the mortgage industry, and what are the options for valuation firms?

Despite the turbulence that hit Australia’s real estate market in 2020, recent months have seen record volumes of property valuations nationwide. This trend has been partly driven by a combination of low interest rates and government incentives to boost residential construction and…