40+
years
of experience with building valuations
Property valuation services
The nation’s largest property insurance appraisal company.
Our experienced team of appraisers has the technical knowledge and top-notch tools to accurately determine the value of your buildings, personal property and equipment, so you can secure proper insurance coverage before a loss occurs.
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.
40+
Cost-effective
engineering services
10+ years
of experience for each appraiser
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.
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)
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
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
News & insights for property appraisals
Contact us about our insurance valuation services.
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