Are you concerned you may be under insured?
Do you need help setting sums insured or making sure business interruption cover is tailored to the needs of your business?
As an added value service to our Clients and as BIBA members, we are able to offer a Valuation Facility, managed by QuestGates, Chartered Loss Adjusters and Claims Specialists. We have access to specifically discounted rates that have been negotiated to deliver a fast, efficient and independent insurance valuation, supported by full PI cover. The facility ensures that under insurance penalties are avoided in the event of a claim, and that the correct premium is paid, thereby avoiding the risk of underinsurance. In every case you will receive a clear report with a brief summary of the risk and a recommended value for insurance purposes. Property portfolio and multi-risk locations of all sizes can be accommodated, the fee reflecting the savings made through reduced travel and geographical clusters.
Buildings
In the case of buildings insurance, the skills of dual qualified CILA and RICS adjusters/surveyors are applied to establish what the accurate value at risk should be. QuestGates regularly find a building’s value at risk has been incorrectly calculated on the basis of its market value, rather than the actual reinstatement cost, which can be affected by many factors, including: local authority planning issues, legislation requirements, demolition and debris removal costs, listed status of the building and VAT. Fees are based upon current sums insured and assume a single site visit on the UK mainland. Travel and all expenses are included.
Plant, Machinery and Contents
Undertaking a full valuation often involves many days on site, compilation of inventories and research into the replacement cost, all of which can be cost-prohibitive to you. By combining their insurance expertise with your purchase cost knowledge, QuestGates pro-actively reach an approximate value at risk, which can then be used as a guide for you at renewal. Business Interruption Utilising their skilled Chartered Accountants/Adjusters, this service includes a full financial review of your business. QuestGates provide recommendations as to the type of cover required, sums insured, indemnity period and policy extensions. Fees are based upon business turnover (in last complete financial year) and assume a single site visit on the UK mainland. Travel and all expenses are included.
Fine Art and Antiques
For people who own individual items of high value, unusual pieces or collections, it can be difficult to obtain an accurate valuation for insurance purposes. Through their expert valuers, QuestGates ensure valuations for such purposes are provided accurately and cost effectively. Fine art and antiques, full contents inventories and IT valuations are available on a fixed quotation basis based on £95 per hour.
For further information, please call 0800 542 0672, email us at sales@neilwillies.co.uk or leave a reply below.