An insight into insurance rebuilding costs

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In the course of dealing with most building claims it is almost inevitable that some comment will be required as to the adequacy of the sum insured. This will normally involve the calculation of the “rebuilding cost” or “value at risk”. In many cases this will be a summary exercise however in others the circumstances may demand a more analytical approach.

For the majority of policies the sum insured will represent the absolute limit payable and the basis on which the premium is calculated. Commercial policies will typically contain the average condition which will be applicable in those instances where underinsurance is determined.

For more information, download this guide for insights into insurance rebuilding costs.

Topics covered:
• Ten basic principles.
• Practical considerations.
• Household risks.
• Commercial and public sector risks.