The statistics that we have gathered show that three quarters of the private homes we assess for buildings insurance valuations are underinsured. If your home has been extended or extensively refurbished, is listed, or constructed in materials other than brick, then it is likely that the buildings insurance valuation is too low.
Is the rebuild cost for your home guessed, based on market value or taken from an inappropriate mortgage valuation? In these scenarios you may find yourself underinsured and, in the event of a major fire or severe flood, your insurance policy may not respond in the way you would expect. This is where families can find themselves in financial difficulties.
Barrett Corp & Harrington provide accurate buildings insurance valuations for private homes (Also known as a reinstatement cost assessment) to help eliminate this risk. If you are concerned you may be under, or indeed, over-insured, please call us for a no obligation quotation.