The easy, affordable way to ensure your property is insured for the right amount.
At Avoca, we help homeowners and businesses make sure their properties are insured for the right amount with a comprehensive Rebuild Cost Assessment that is quick, affordable and trusted by insurers.
A Rebuild Cost Assessment is undertaken by a RICS approved chartered surveyor to calculate how much it would cost to build a property from scratch. This is based on many factors including gross external area, type/quality of construction, building materials and other permanent structures.
It is extremely important to insure your home for the right amount, so it gives you peace of mind and financial protection for any future claims. It demonstrates to insurers that your property has been carefully assessed and valued.
Types of Rebuild Cost Assessments
- On-site Assessment – This assessment is done by the surveyor on-site and is recommended for more complex properties. They examine the building’s structure, materials and other relevant factors to calculate the precise estimate. This gives you a more accurate valuation for your insurance.
- Desktop Assessment – This assessment is done by the surveyor remotely using all the available research and property information to make an estimate. It is convenient and efficient, but is less accurate than an on-site assessment.
How much does a Rebuild Cost Assessment cost:
- A desktop Rebuild Cost Assessment from Avoca Group is £165 + VAT.
- An on-site assessment will depend on several factors including type and complexity of property. Avoca Group will contact you to discuss your needs and provide an accurate quotation.
The Rebuild Cost Assessment Process:
Why is a Rebuild Cost Assessment important?
- Homeowners – Rebuild Cost Assessments ensure that homeowners insure their property for the right amount in case of damage or destruction. Over-insuring could mean you’re paying higher premiums than necessary and under-insuring means you may not receive enough money to rebuild your property.
- Commercial Property Owners – It’s crucial for commercial property owners to get a Rebuild Cost Assessment to protect their investments and minimise financial risks. Under-insuring a property could lead to financial burdens and business disruptions.
- Insurance Brokers – Rebuild Cost Assessments provide insurance brokers with accurate information about the replacement value of a property providing peace of mind to their clients.
- Insurers – Rebuild Cost Assessments enable insurers to provide the right amount of coverage to protect their policyholders as well as streamline the claims settlement process and assess any risk associated with the property.
- Property Managing Agents – Rebuild Cost Assessments allow property agents to manage risk effectively, comply with regulations and plan finances, fulfilling their responsibilities to property owners and protecting their interests.
About Avoca Group:
Established in 2019, Avoca Group has evolved into a specialist building and maintenance company, offering turn-key insurance claims management and bespoke internal fit-out construction services.
Our services are bespoke and tailored to our client requirements in all sectors including commercial, retail, healthcare, residential and affordable housing. We focus on specialist fit-outs, repair and maintenance, loss adjusting and claims management.
RICS Registered
Every assessment is produced by an experienced RICS registered surveyor.
Fast Turnaround Time
At Avoca, our surveyors can assess your property remotely within just two days.
Affordable
Our standard fee is just £165 + VAT for a desktop assessment. You can obtain a competitive quote for a more complex property by calling us.
Convenient
We do not need physical access to your property therefore we can carry out a desktop assessment on any residential property in the UK.
