Reinstatement Cost Assessment (RCA)
A reliable Reinstatement Cost Assessment (RCA), also known as a Rebuild Cost Assessment (RCA), is vital for making sure you have the correct level of building insurance. Insurance can be tricky, especially when faced with the Average Clause, which can catch you out, but no worries! We make it simple, professional, and budget-friendly.
IS MY BUILDING FULLY COVERED?
Insurers have something called the Average Clause, and it's their way of ensuring you get only what you pay for. If your building's insured value is set too low, the Average Clause can cut down what you can claim. If it's set too high, you're giving more money to your insurer. Learn more about the Average Clause and why getting an accurate building insurance valuation is crucial...
WHY DO I NEED A REINSTATEMENT COST ASSESSMENT?
As a property owner, it falls on you to inform your insurer about the value your building should be insured for. Yet, property owners aren't experts in property reinstatement. That's where we come in! 'Regulated by RICS', we utilise our expertise to provide you with a dependable 'reinstatement cost' (also known as 'rebuild cost'), the figure you should consistently insure your building for.
At RebuildCostASSESSMENT.com we tackle underinsurance...
We believe in comprehensive and accurate professional evaluations of buildings, priced reasonably, and simple to set up. The majority of our reinstatement cost assessments are carried out remotely, and on the rare occasions we conduct on-site surveys, we're always well-prepared beforehand. By marrying smart tech solutions with our in-house expertise, we tailor building insurance valuations to your advantage.
Perhaps you’re wondering how we can work out how much your building would cost to completely rebuild, without visiting your property?
Every year we share data with the insurance industry around the accuracy of building sums insured in the UK. These are our latest findings covering both residential and commercial properties.
81% of UK properties are underinsured. This can severely reduce the amount paid out following a property damage claim.
14% of UK properties are overinsured. If this is you, you’re paying more than you need to for your insurance.
9 out of 10 UK properties are insured for the wrong amount
This means there's a strong chance you're either under or over-insured. Our latest data from assessments of more than 29,000 UK residential and commercial properties is summarised below...
82% of RESIDENTIAL properties are underinsured and 13% are overinsured.
80% of COMMERCIAL properties are underinsured and 15% are overinsured.
We find that on average, underinsured buildings are covered for just 63% of the amount they should be.
While overinsured buildings are on average covered for 122% of the correct amount.
At RebuildCostASSESSMENT.com, we help everyone with an interest in buildings insurance, from property owners to brokers...
INSURERS & COVERHOLDERS
Removing the Average Clause is a great way of simplifying your product and demonstrating customer care. However, we understand it's equally important to ensure premiums are commensurate with risk. We're ready to help you develop a programme to tackle inaccurate sums insured effectively.
WHAT OUR CUSTOMERS SAY
“A friend had all kinds of problems with an insurance claim because his house was under-insured. I didn’t want the same to happen to me and with help from my broker I found Rebuild Cost Assessment online. Turns out I was under-insured as well, but now everything’s been put right. No fuss, no hassle, great service!”
Josh Hargreaves, Home Owner
HOW CAN WE HELP?
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