If your block’s reinstatement cost assessment (RCA) or insurance valuation has not been updated in the last few years, it may no longer reflect current rebuild costs.
Browsing: Reinstatement Cost Assessments
Insurance should be a safety net, not a gamble. Make sure your policy is built on solid foundations, not outdated assumptions.
For Residents’ Management Companies, Right to Manage companies, and freeholders, the obligation to insure a leasehold property correctly is a legal duty.
These are the biggest recurring tasks that you need to be aware of that might be due for your building this year.
Throughout 2024, BCH Ltd has observed continued pressure on the flats market, with leaseholders facing rising costs in most areas.
Find out more about reinstatement cost assessments, how to make sure yours is correct, and how they’re utilised by the insurance industry.
There seems to be a lot of confusion between these two terms. We even hear them being used interchangeably- but they’re very different figures, used for very different purposes.
This article will explore the potential legal and financial implications that can arise if a property is damaged beyond repair.
The overall condition of a block, along with its planned maintenance and inspection schedule, play a crucial role in determining the coverage and premium of the required buildings insurance policy.
Here we’ll be discussing why, and how, to avoid the pitfalls of securing appropriate insurance coverage for your block.