Blog

Insurance and rebuild values

Thursday 15th December 2022
Carl O'Boyle BSc MRICS FCIOB MFPWS

We recently at Tayross Associates Ltd building surveyors were instructed to do an insurance rebuild valuation for a large property with six luxury flats in central London.

This property had been insured for a value of 10 million and the client believed that it was over insured and want to reduce the premiums.

We were able to do a desktop study and based on recent build costs and taking consideration of the location and classification and age of the property come up with an insurance rebuild value.

The client was then able to use this report to negotiate a substantial reduction in insurance premiums.


Please see the link to the sample survey:

https://www.dropbox.com/s/hebd7ptkxjx9c50/blog%20for%20david.pdf?dl=0