Is your commercial building under-insured?
It’s vital that you insure your commercial building for a realistic and accurate replacement sum insured or you could find yourself in a whole lot of financial trouble.
At SUREWiSE, we have access to a free third party re-building estimate report to help guide you in setting a replacement sum insured for your commercial property.
The report will help guide you in determining a replacement cost estimate for your commercial, industrial, residential, retail or rural building and it will consider a wide variety of building cost factors to give you a reliable benchmark replacement cost estimate.
When insuring a building, you need to consider the replacement cost today but also up until the expiry date of your insurance policy. The report will consider things like demolition, removal of debris, allowances for cost inflation and timelines for rebuilding which can also be useful when setting indemnity periods for your business interruption cover.
If you don’t insure for the right sum insured, you could find yourself in a financial mess due to the policy’s under insurance clause.
Don’t risk it!
Speak to a qualified and experienced insurance broker at SUREWiSE today and we’ll explain what covers you need and provide you with a free third party re-building estimate report to guide you in setting sums insured.
We make understanding insurance easy.
The estimated rebuild cost is a general estimate and must not be relied upon as a professional valuation. Please check with an architect, builder, quantity surveyor, valuer or other suitable qualified professional for an accurate estimate.