Professional Rebuilding Cost Valuations are essential if you want to pay the correct insurance premium and have the correct insurance.
Every year Rebuild Cost Assessment Ltd assess more than 5,000 UK household and commercial properties. Their experience is that less than one in 10 buildings in Britain has the correct sum insured.
In the region of 20% are over insured by typically almost 160%. This means paying too much for buildings cover. Under insurance is a bigger problem with two thirds of property owners under insured and typically for just two thirds of the correct rebuilding cost. This can mean the insurer reducing any claims payout in proportion to the level of under insurance.
Why use this service?
Until recently, a professional building insurance valuation would have cost a significant amount of money and time. However we use Rebuild Cost Assessment Ltd (Regulated by Royal Institute of Chartered Surveyors [RICS]), who have developed an innovative approach enabling them to provide valuations far more cheaply and normally within 3-6 days of an order.
Available for properties in the United Kingdom, Channel Islands or Isle of Man.
The desktop valuation service is very reliable cost effective at £160. A site survey quote can also be provided and this would be appropriate in the following circumstances :-
- *Residential rebuilding sums insured in excess of £5m
- Commercial rebuilding sums insured in excess of £10m
- Grade I or Grade II* listed
* Residential Building are buildings owned and occupied as a residence. Any let building, or multi occupied buildings e.g. blocks of flat are treated as commercial.