More than 9 out of 10 UK buildings are insured for the wrong amount.

More than 9 out of 10 UK buildings are insured for the wrong amount.

Property Reinstatement Valuations

We found that overall in the UK, properties are:

81% underinsured
14% overinsured
81% uninsured
14% overinsured

On average, underinsured buildings are covered for just 63% for the amount they should be. While, on average, overinsured buildings are covered for 122%.

Commercial Properties

80% underinsured
15% overinsured

Residential Properties

82% underinsured
13% overinsured

Properties Most Likely to be Underinsured

  • 1
    Sports centres/recreation centres
  • 2
    Hospices
  • 3
    Public houses, licensed
  • 4
    premises/Hotels
  • 5
    Nursing homes/ Care homes
  • 6
    Golf clubhouses
  • 7
    Vehicle showrooms
  • 8
    Youth clubs/ Nursery schools
  • 9
    Undertakers
  • 10
    Retail warehouses
  • 11

    Dentist surgeries

Arranging Your Rebuild Valuation Report

Our trusted partner, Rebuild Cost Assessment, offer a few different options for rebuild assessments which vary depending on the property and the complexity.

Please see below an example of the pricing and the various options.

Standard Desktop Valuation (Residential)

£180.00

Suitable for buildings up to £5m and not Grade I, Grade II*, Category A or Grade A listed

Standard Desktop Valuation (Commercial)

£180.00

Suitable for buildings up to £12m and not Grade I, Grade II*, Category A or Grade A listed

Enhanced Desktop Valuation (Commercial)

£600.00

Suitable for buildings up to £20m and any grade listing (subject to suitability check)

Site Visit

Quotation provided upon request.

For buildings which are too viewed as too complex for a desktop valuation

Desktop valuations are not always possible for every property so a quotation is required to check the suitability.

For your Rebuild Cost Assessment quote, please contact us at info@anderson-smith.co.uk with the following information:

  • Your name
  • Your correspondence address
  • Property address
  • The current sum insured (if known)
  • Copy of current policy schedule (if applicable)
  • Any facts that may be noteworthy for their valuation

Call us on 01577 333 177 today or request a callback

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