/  Commercial Property Blog   /  The Truth About Building Replacement Value
Building Replacement Value

The Truth About Building Replacement Value

When KBI are asked to provide insurance options for a Commercial Property, perhaps the most important aspect of the policy is getting the Building Sum Insured correct.

Under-insuring a property can trigger a co-insurance clause which can leave the Owner seriously exposed and out of pocket, should they incur a major loss.

There is often a misconception that this figure is provided from the Market Value of the property, when in fact an Insurance Replacement Valuation by a qualified professional is required to provide the correct figure.

The following article gives a brief rundown on this subject.

Commercial Property Insurance Newsletter Sign Up

Want to keep up to date with all our latest Commercial Property Insurance news and information? Enter your email to be added to our mailing list.

Post a Comment