Buildings Valuation Services
Why it’s essential to accurately insure your home
Your home is likely one of your most valuable assets, so making sure it’s properly insured against unexpected events is vital. Here’s what you need to consider:
Insuring your home
- Rebuild Cost: Ensure your insurance covers the total cost of rebuilding your home. This should include professional fees for contractors, architects, surveyors, debris removal, and meeting local building regulations.
- Comprehensive Coverage: Don’t overlook outbuildings, walls, fences, driveways, and pathways when calculating your total insured amount.
- Know Your Policy: Review your insurance policy carefully to understand what is classified as buildings.
- Rebuild vs. Market Value: The cost to rebuild your home is different from its market value. Make sure your insurance reflects the rebuild cost.
Insure your belongings
- What’s Covered: Generally, contents include anything that would fall out if you turned your house upside down but including carpets and curtains etc.
- Replacement Costs: Insure your belongings for the cost of replacing them with new items.
- Valuables: Items like jewellery and fine art should have a professional valuation to ensure they are fully covered for replacement.
- Review Your Policy: Check your policy to understand what is classified as contents.
Why correct sums insured matter
If your sums insured are too low, you risk being ‘underinsured,’ meaning your claim payment will be reduced proportionately.
Keeping up with inflation
To help prevent underinsurance, you must review your sums insured for buildings and contents at least annually or if there are any changes at your home to ensure the policy limits are adequate.
How we can help
To ensure your property is valued correctly we are pleased to be able to offer you a desktop rebuild cost assessment undertaken by Rebuild Cost Assessment Limited who are RICS (Royal Institution of Chartered Surveyors) regulated www.rebuildcostassessment.com from as little as £171.25
To request a survey please complete the form below and we will be in contact:
Why Rossborough?
People
Our customers are at the centre of all that we do, each and every day.
Service
We always go out of our way to deliver a local, personal service.
Trusted
We’ve been trusted with islanders’ most important possessions for over 80 years.
Committed
We are committed to providing policies that best fit our customers’ requirements.
Safe
We are a safe pair of hands. When you need us most, we’ll be there.
Professional
We are a qualified, experienced team who always deliver professional service.
