Be sure you’re fully insured
Although you no doubt have a good idea of what your property is worth, it can be hard to know how much it would cost to rebuild it. Every buildings insurance policy requires an accurate rebuild value. This takes into account everything from the roof to underground pipes, architect fees to debris removal.
Around 70% of properties assessed were found to be underinsured. That means you could be left without the amount you need in the case of a major claim. In some cases, insurers can refuse the claim if an accurate rebuild value has not been declared.
The good news is that we’ve teamed up with a team of surveyors who are regulated by the Royal Institute of Chartered Surveyors and specialise in rebuild assessments. They can provide a professional assessment (from as little as £99).
