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Is the current sum insured on your building adequate to cover the cost of reinstatement in the event of a loss?

Experience tells us that in over 70% of cases the answer is no, and we frequently find the buildings we value to be underinsured by as much as 50% or more.

So why leave it to chance?

If the sum insured has not been professionally calculated then the first time you will know whether it’s adequate is at the point of making a claim immediately following a loss.

If at this time the building is found to be underinsured then Insurers may apply ‘Average’ which could have serious financial implications in the event of a claim.

For example, if the declared sum insured for a building is £5,000,000 but the actual cost of reinstatement is then calculated to be £12,000,000 then in this example in the event of a claim, the client would be self insuring 58% of the reinstatement costs however large or small the claim was.

For the relatively small cost of obtaining a professionally assessed valuation there are a number of benefits, here are the main ones: 

Key benefits

  • Comfort that the sum insured will be adequate in the event of a claim
  • Avoid underinsurance penalties
  • Remove any disagreements surrounding the adequacy of cover in the event of a claim

For further information about our service, please contact Phil Lane on
+44 7795 255824 or email

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