Free Rebuild Cost Assessment


Delving into the data from previous property rebuild cost assessments, fewer than one in 10 buildings in Britain have a suitable sum insured. Roughly 20% of buildings are over insured, on average by almost 160%. This means that one in five property owners are paying too much for their buildings cover. 

More worryingly, it's estimated that about 65% of property owners are underinsured, on average only insuring for about 65% of the correct rebuild cost. This means that should a claim occur; the property's insurer will likely apply 'the average clause' and proportionately reduce the amount they pay.

What Does Underinsurance Look Like? 

Let’s say your property is insured for £650,000, but if the building was to collapse and need completely rebuilding it would actually cost £1,000,000. This would mean you would be underinsured. If you had to make a claim on rebuild cost, whether big or small, the claim you make for the property could be reduced by 35%. Essentially, by only insuring for 65%, you can only claim for 65%. This is why an up-to-date and correct property rebuild cost assessment is so crucial.

For example, if you need to make a claim for £100,000 and you have only insured for 65% of the rebuild value, the insurer will only pay £65,000 of the claim leaving you to find the remaining £35,000 from your own funds. This can make a huge financial impact on the lives of many. As a result, it’s safer to take out a property rebuild cost assessment. This will ensure you are not left in the dark with unexpected fees.

The Solution

All you have to do is make sure you are insured for the correct rebuild cost and you won't have the issue of disputing the amount paid out in the event of a claim. This used to be easier said than done but we are now offering Free Rebuild Cost Assessments to clients with qualifying policies. 

The process of getting a Royal Institute of Chartered Surveyors (RICS) report for your property will not take you long. In fact, all you have to do is complete the form below! 

Once we have obtained the report detailing the rebuild cost and rebuild period for your property, we will guide you on any action that might need to be taken. 

Keeping You Insured Against All Events

As chartered insurance brokers, we can get your business the best possible deal on your property’s rebuild cost. For more information about rebuild cost assessments or any other specialist insurance, contact us now. To get a quote, give us a call on 01202 754900 or email us at

Free Rebuild Cost Assessment

Complete the fields below to request your free property rebuild cost assessment.

Only the fields with an orange mark in the box are compulsory.

Please read and agree to the terms and conditions for this service.


Source: Research conducted by Rebuild Cost Assessment Ltd

Service provided by Rebuild Cost Assessment Ltd.

To qualify for a free Rebuild Cost Assessment you must hold a policy containing buildings sums insured of £500,000 or above.