Barrett Corp Harrington 2018 Results

underinsurance for buildings statistics
£2,078,000,000 of property assessed an additional £588,000,000 added to sums insured.

Where BCH haven’t assessed properties before, underinsurance still remains a problem.

£2,078,000,000 worth of property was assessed during 2018 — with an additional £588,000,000 added to sums insured.

81% increase in property valuation for insurance

An increase in the property’s value was recommended in 81% of insurance valuation appraisals.

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Graph 61% increase in property value for insurance

The average increase in the property’s value was £1,182,000 or 61%.

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70% increase in the valuation of Commercial Property

An average increase of £1,900,000 or 70% was recommended in the valuation of Commercial Property.

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54% increase in valuation of residential property

An average increase of £690,000 or 54% was recommended in the valuation of Residential Property.

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If you would like to discuss any specific block of flats or reinstatement costs in general, please contact Lorna Harrington on 01455 293510 or send an email via the contact page.