With mixed-use developments, it’s vital to understand the effect any commercial units will have on the building’s overall insurance.
Browsing: Reinstatement Cost Assessments
When you hear the term ‘reinstatement cost assessment’ most people only consider underinsurance, but what about overinsurance?
The role of Property Manager or Residents’ Management Company (RMC) Director is a varied one,…
With policy renewal season just round the corner, we thought a reminder of the factors that influence your insurance premiums may be a good idea.
With a squeeze on budgets and the need to keep service charges to a minimum for struggling residents, property managers may well be considering their options for reducing this large expense.
Read on to find out how you can make sure you’re not paying over the odds, without underinsuring the building and putting anyone at risk.
Wanting to lower costs, one area to cut back on is the cost of reinstatement cost assessments – hence rise in popularity of ‘desktop’ RCAs.
It’s your responsibility to choose an accurate, full coverage policy that will pay out correctly should the worst happen.
Zoe Davenport, Appraiser for BCH and leaseholder, writes with a unique perspective on the issue of premiums and insurance valuations.
It would be fair to say that across most industries, a substantial amount has changed in the last 12 months, and indeed the 12 months prior.
Lorna Harrington of BCH discusses a few factors of many, which contribute to the additional costs of reinstating the Listed block.
BCH are proud of how they have responded to challenges of covid lockdown and restricted methods of working.