Fire Insurance Valuation

Fire insurance valuation

We inspect and prepare building reinstatement valuation assessments for building insurance purposes on behalf of our Client’s for all type of property.

This service provides the Client with the necessary financial information to notify the Insurers of building values to ensure that buildings are not over-insured and thus potentially reducing insurance premiums.

Once an initial assessment has been undertaken, annual updates can be quickly undertaken to allow for inflationary increases.

Under-insuring can be a very costly exercise in the event of a claim – people do not always realise that a (say) 30% under-valued and under-insured building for example will have 30% deducted from the amount of any pay-out by an Insurer, even on a bone fide claim where the amount due is only a proportion of the correctly insured value of a building.

It is therefore important to engage a firm such as ours to ensure that your property is insured at the correct level and that all necessary notifications under the Policy are made to prevent possible avoidance by Insurers.

To discuss your fire insurance valuation needs in more detail simply complete the forms on this page and we will get back to you immediately.

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