Could you be under-insured?
Why could it cost me thousands?
If the block is insured for half its actual rebuild value, you could find that your insurer will only pay half of any claim you make. This is known as an 'Average Clause' or 'Underinsurance Condition' and can be found in most insurance policy wordings.
Why could I be paying too much for my insurance?
Your building declared value plays a huge part of calculating the premium of your policy, if you have overestimated the building reinstatement value you could be paying too much.
What is normally included in a building sum insured?
- Demolition of the property and debris removal costs
- Reconstruction and VAT
- Architects and surveyors fees, local authority planning and other statutory requirements
What will your valuation cost you?
Individual blocks up to 5 storeys
| Apartments |
Total ex VAT |
Total cost to client (inc VAT) |
| 1 - 2 |
£229.41 |
£275.29 |
| 3 - 5 |
£258.82 |
£310.59 |
| 6 - 10 |
£282.35 |
£338.82 |
| 11 - 20 |
£329.41 |
£395.29 |
| 21 - 30 |
£411.76 |
£494.12 |
| 31 - 40 |
£470.00 |
£564.71 |
| 41 - 50 |
£529.41 |
£635.29 |
| 51 flats or more - please ask for a quote |
Individual blocks 6 storeys plus
| Apartments |
Total ex VAT |
Total cost to client (inc VAT) |
| 6 - 18 |
£382.35 |
£458.85 |
| 19 - 25 |
£411.76 |
£494.12 |
| 26 - 50 |
£458.82 |
£550.59 |
| 51 - 100 |
£600.00 |
£720.00 |
| 101 - 150 |
£811.76 |
£974.12 |
| 151 flats or more - please ask for a quote |
*Prices excludes listed building - please contact us for a quote
What happens after your valuation?
 |
You will receive a full written report |
|
Should your buildings declared value change you should contact Deacon |
Now you can be rest assured you will be adequately covered
CPA is a specialist provider of claims and risk solutions with full national coverage
Call us now to arrange a valuation
On 0333 400 8292