Is the level of insurance cover on your commercial property sufficient to cover its replacement?
The insurance sector is transparent about the fact that the majority of commercial property policies are inadequate to cover the reinstatement cost of the premises. Indeed, many insurers offer online guidance about the problem, which includes seeking a professional assessment of the correct value, at least every five years.
In the event of a claim, being underinsured can leave a business with serious funding issues, lead to significant delays in re-opening for trade, and even result in failure.
We offer extensive experience in providing Reinstatement Assessments for properties across most sectors that will ensure the level of cover purchased is appropriate giving peace of mind.
John Bonner, Chartered Building Surveyor
Contact John or one of our team on 01908 350500