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  /  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.

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