Having the correct level of insurance cover on your buildings is essential if you are to minimise risk and have peace of mind. Being under-insured could lead to you incurring significant losses in the event of a property needing to be rebuilt. Equally problematic however, could be over insurance leading to unrealistically high premium levels. This can be particularly difficult if you are a landlord, as it can lead to significant disputes with your tenants.
We have the expertise and experience to complete building insurance valuations, whether on individual properties or large mixed use portfolios. We regularly conduct reviews of entire portfolios on behalf of our clients, as reinstatement cost assessments should be undertaken every 3 to 4 years. The cost of which is generally recoverable from tenants. In addition, we carry out desktop updates annually to ensure correct levels of insurance are in place.