Understanding insurance valuations for block of flats

Buildings should always be insured for the amount it would cost to rebuild them.

If you are over-insured, you are probably paying too much for your building’s insurance. If you are underinsured, you face a reduced pay-out in the event of a claim. Insurance claims can be reduced by hundreds of thousands of pounds due to underinsurance.

As a broker we recommend that you have your building professionally assessed every 3-5 years to ensure your declared value is adequate, to avoid any liability to you.

Getting someone to visit your block of flats to carry out a professional assessment can be time consuming and expensive. However, thanks to our partnership with RebuildCostAssessment.com we can offer a reliable low-cost service from a ‘Regulated by RICS’ (Royal Institution of Chartered Surveyors) organisation. This is a fantastic and affordable online service which can protect your property from the potentially severe consequences of under insurance.

For further advice on our Property Policies or for a no obligation quote for your insurance please contact Stephanie Selby, Property Team Manager and her team via the details below.

A-One Insurance Group comprises separate companies, who are authorised and regulated by the Financial Conduct Authority.

Head Office: A-One Insurance Group, Energy House, Crow Arch Lane Ind Estate, Ringwood, Hampshire, BH24 1PD

E. Stephanie.Selby@aoig.co.uk 
T. 01425 486541


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