PORTWOOD GUIDES & RESOURCES
Under-insurance benchmark valuation
Review values and sums insured.
We recommend a building/desktop valuation is carried out for each property at regular intervals to ensure the building sums insured remain adequate.
Should you require assistance, our valuation partner BCH offers this service for £115 + VAT.
Portwood valuation partner · BCH£115 + VATOrder a benchmark valuation ↗It is important that the building sums insured are accurate. If a property is underinsured, insurers may apply the Average Clause, meaning any claim payment could be reduced proportionately based on the level of underinsurance.