SOLUTIONS | PROPERTY

Valuations

Sedgwick has extensive experience providing a fair valuation service across all property types.

The exterior of a valuable property. Oval shape overlay image Rectangle shape overlay image

What we do

Natural and man-made catastrophes impact thousands of properties and cause millions of pounds in damages each year. At Sedgwick, we undertake desktop and site visit valuations to provide an accurate, Reinstatement Cost Assessment (RCA) report to assist you in setting the correct declared value (DV) and/or sum insured.

It’s fundamental that a building is insured for an adequate amount. If an incident occurs and the sum insured doesn’t reflect the rebuilding cost, your policy may not meet the full cost of replacing or repairing the building, leaving a potentially significant shortfall for you to fund.

This is even more important where a building is listed, and you have a statutory responsibility to reinstate. A Reinstatement Cost Assessment (RCA) report gives you peace of mind that the building has been insured for an adequate amount. It provides a rebuilding figure that includes the cost of demolition, debris removal and professional fees, itemised for each building to be included.

Sedgwick has a proven history of stability, financial strength and respect in the marketplace. We will be there when you need us.

Benefits for the property owner obtaining an RCA

  • Peace of mind regarding the adequacy of sums insured
  • Avoid underinsurance penalties
  • Help identify over insurance, to avoid paying excessive premiums
  • Competitive fees, regardless of the level of underinsurance discovered
  • Desktop review available after three years (additional fee applies)
A male and female coworker looking at a sheet of information.

Benefits for the agent/broker obtaining an RCA

  • Assistance meeting obligations under the Financial Conduct Authority (FCA), the Insurance Act 2015 and Consumer Duty
  • A value-added service differentiator for both new and existing customers
  • Target-related commission schemes available
People working with a computer and a calculator.

Benefits for the insurer

  • Accurate reinstatement cost assessment ensures the correct sum is insured, which allows you to calculate premiums based on true values at risk
  • Avoid underinsurance issues at the point of a claim
  • Enhance your risk management offering
  • Strengthen broker and customer relationships with long-term arrangements and average waiver guarantee
  • Valuable management information and competitive fees for reinstatement cost assessment

INTERESTED IN OUR SERVICES?

THIS SERVICE IS AVAILABLE IN:

Afghanistan

Argentina

Australia

Austria

Bahamas

Bahrain

Belgium

Bolivia

Brazil

Bulgaria

Cambodia

Canada-

Cayman Islands

Chile

China-

Colombia

Curaçao

Cyprus

Czech Republic

Denmark-

Dominican Republic

Dutch Caribbean

Egypt

El Salvador

Ecuador

Finland

France-

Germany-

Greece

Greenland

Guam

Hong Kong

Hungary

Iceland

India

Indonesia

Ireland-

Israel

Italy

Jamaica

Japan-

Kazakhstan

Kenya

Korea-

Kuwait-

Laos

Luxembourg

Macau

Malaysia

Mauritius

Mexico

Netherlands

New Zealand

Nigeria

Norway

Oman-

Pakistan

Panama

Papua New Guinea

Peru

Philippines

Poland

Portugal-

Puerto Rico

Qatar

Romania

Saudi Arabia-

Singapore

Slovakia

South Africa

Spain-

Sweden

Switzerland

Taiwan

Thailand

Trinidad

Turkey

Ukraine

United Arab Emirates

United Kingdom-

United States-

Uruguay

Venezuela

Vietnam

Zambia