Both our Level 3 (Full Building) Survey and Level 2 (HomeBuyer) reports include a buildings reinstatement figure for the property. This is the sum for which the property should be insured under a comprehensive policy.
In many cases this figure, which takes into account the building materials, standard of fixtures and fittings, accessibility of the site etc, is different from the market value of the property. It should be kept under review and adjusted to take into account the effects of inflation and any improvements carried out to the building. Most insurers index link every year, but it is worth checking from time to time.
A fire insurance valuation check is not a lengthy, or expensive, procedure and it is one which we can undertake for all types of property as a standalone service if required.
Please ring for a fee quote.