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Rebuild Valuation is a property rebuild cost assessment service provided to Insurance Brokers so they can reduce the risk of underinsurance.
According to the Average Clause, if the property is underinsured, the policyholder will only get paid a fraction of the actual rebuild cost, when they file a claim.
The rebuild valuation service is performed by our highly experienced chartered surveyor – Trevor Kelly of Insurance Claim Solutions. If you would like to avail of this service, please give him a call by clicking the button below.
Trevor Kelly is a Chartered Building Surveyor, working as a Public Loss Assessor, Value at Risk Consultant and Property Claims Expert.
In his 20+ year career he has successfully handled thousands of private and business insurance claims related to fire damage, water damage, storm damage, flood, subsidence, burglary, and many other perils. He has also been called to provide expertise in various insurance claim disputes.
Trevor continuously upgrades his knowledge of the latest construction methods and the insurance risks and is an active member of the following associations:
A chartered building surveyor is a highly qualified and experienced professional who has achieved the highest level of professional accreditation in the building surveying industry. Chartered building surveyors are recognized for their extensive knowledge, skills, and expertise in a wide range of building-related matters, including building design, construction, maintenance, and repair.
To become a chartered building surveyor, individuals must complete a rigorous program of education and training, as well as pass a series of professional exams.
What does a Building Surveyor do?
A building surveyor is a professional who specializes in assessing the condition and safety of buildings. They are responsible for providing a detailed report on the structural integrity of a property, as well as identifying any potential hazards or defects that may need to be addressed. In addition to providing valuable insights for property owners, a building surveyor can also be instrumental in helping with rebuild cost valuation and insurance claims.
Why a Building Surveyor is best qualified to provide Rebuild Cost Valuations?
Rebuild cost assessment is the process of estimating the cost to rebuild a property if it was to be destroyed or damaged. This estimate takes into account factors such as the cost of labor, materials, and any special considerations, such as historic preservation or the latest building codes.
A building surveyor is a qualified professional who has expertise in assessing the condition and construction of buildings.
Here are some reasons why a Building Surveyor is best qualified to provide a Rebuild cost assessment: