RebuildCostASSESSMENT
Nine out of every 10 buildings in the UK are insured for the wrong amount. Almost 80% are underinsured and on average are covered for just 63% of what they should be.
In the event of a claim, inadequate buildings sums insured can lead to significant financial and emotional costs, as the insurance that people and organisations believed would work for them, fails to compensate their loss.
At RebuildCostASSESSMENT.com we’ve led the way with remote desktop assessments of rebuilding cost, making them more affordable and easier to access. In just a few years our digital approach has seen us grow to become the UK’s market leading valuations provider, helping to correct sums insured on around 45,000 buildings every year.
While we are market disruptors, we are also surveying professionals. Regulated by RICS, we offer on-site assessments for listed, unique and complex commercial properties too.
At RebuildCostASSESSMENT.com we want the vital protection that insurance offers property owners to work when it is needed most. Let’s tackle underinsurance and overinsurance together.
All content by RebuildCostASSESSMENT
Spotlight: Buildings underinsurance – a hybrid solution?
The issue of underinsurance has created a dynamic landscape of both opportunity and challenge in the field of buildings insurance valuations. This article explains how the current period calls for innovative solutions that align with technological capabilities.
Spotlight: Buildings underinsurance - what can be done?
While tackling underinsurance can lead to greater levels of trust between an insurer and the policyholder, failure to take action can have significant downsides including reputational damage and even legal action. This article focuses on how insurers and brokers can tackle buildings underinsurance.
Spotlight: Why buildings underinsurance is bad for business
Based on current statistics, the insurance industry has some way to go in tackling buildings underinsurance. This content highlights the perils of buildings underinsurance any why brokers that make a concerted effort to address this issue can demonstrate value to clients and drive increased loyalty.