Building Insurance Valuations
Make sure you have regular building insurance valuations, also known as reinstatement cost assessments, to ensure that you’re covered should the worst happen. In many cases costs are borne by the property leaseholders through the service charge.
Building Insurance Valuations Carried Out by the Experts
Make sure you have regular building insurance surveys to ensure that you’re covered should the worst happen. In many cases costs are borne by the leaseholders through the service charge.
Here’s how regular surveys can benefit you.
- Conducting a building insurance valuation ensures that the property is 100% protected
- Allows property to be insured on ‘agreed value’ basis, no ‘averaging’
- May reduce premium rates as a result of increases in property values
- May improve borrowing facilities based upon increased asset values
Underinsurance is a huge problem. Are you covered?
The consequences of underinsurance in particular can be extremely serious with claims not paid in full in the event of a loss, leaving you to make up the difference.
Without a regular building insurance valuation, also known as a reinstatement cost assessment, the true value and the extent of any underinsurance is often not discovered until it is too late, such as when a claim is made.
A nationwide network of surveyors
We have a nationwide network of multi-skilled surveyors who carry out over 5,000 surveys a year in the residential and commercial sector. Each of them are able to carry out multiple types of assessments and surveys at the same time as your building insurance valuation, saving you time and money. In addition to your reinstatement cost assessment they can also carry out, fire risk assessments, health and safety property audits and a host of other surveys.
Our surveyors are also ‘Regulated by RICS’, ensuring that you receive a high standard of survey that follow RICS to a consistent, recognised standard of excellence.
Request a quote or enquire about our Building Insurance Valuations
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