You need to ensure that you are adequately protected to prevent being underinsured which would leave you with a shortfall of money to carry out the necessary repairs to your property, whilst also ensuring that you are not over-insured and paying too much for your policy.
RCA is the industry standard adopted by BCQS and the Royal Institution of Chartered Surveyors (RICS) for undertaking an appraisal of property for insurance purposes. The term reinstatement means repairing, reconstructing or renewing assets to a condition equal to, but not better than, when new.
Be prepared. Long before a storm or any other unforeseen event occurs, ensure you take the necessary steps to protect yourself and your valuable property assets. Avoid the pitfalls of underinsurance and a protracted claims process in the event of a disaster.
Let our experienced professionals perform an RCA valuation on your property to ensure you have everything covered to the correct levels, to provide you with a document that stands up in a claim situation with the loss adjusters and speeds up the settlement process after a major event.
All properties change over time so therefore it’s recommended that you undertake an RCA valuation regularly or review annually, to ensure any new additions, modifications or upgrades are covered to the correct levels whether it be for a residential or commercial property.
Please contact our experienced team at BCQS if you require expert and independent advice.