With Benchmark, we can provide an accurate and reliable building insurance e-Valuation without visiting a property – saving you time and money, as well as ensuring that you pay the correct insurance premium – so that any valid insurance claim will be paid in full.
Achieving the correct insurance premium and cover for a property is reliant on the policyholder providing the correct building insurance value.
Without the correct value, the premium could be too high or too low.
Around 80%* of properties are underinsured, putting property owners at risk of significant financial loss. This will only be discovered at the point of claim – when it’s too late to do anything about it.
To enable more property owners to achieve the correct value for rebuilding, we’ve launched Benchmark - our desk-based building insurance e-valuation service.
For discounts on portfolios, please call our team on 01455 293 510
View the video above for more details of Benchmark — the convenient and cost effective buildings insurance valuation service from BCH.
1. Our directly employed, nationwide Building Insurance Surveying team will remotely assess the property, so you don’t need to be present.
2. They’ll utilise their expertise, multiple methods of calculation and +/- variance checks, along with our 50,000 site-based survey database and external industry recognised sources to calculate the rebuild cost.
3. You’ll receive a full report within 5 working days to share with your Broker or Insurer.
Benchmark is suitable for properties with a Declared Value of up to £5m.
In 2020, BCH surveyed 1600 commercial and residential properties. 80% were found to have previously been underinsured.
These properties were on average, only insured for 55% of their value – leaving property owners at risk of significant financial loss in the event of a claim.
Underinsurance means, that if a claim is made, it is likely that an insurance policy will only pay out an amount proportional to the value that the property is underinsured or be avoided altogether – leaving a property owner open to significant financial loss.
Together with insurers and brokers, we want to help prevent this.
Our site based, RICS compliant Reinstatement Cost Assessment (RCA) service remains the most accurate way to ensure a property is insured for the correct amount, and for some properties it is the only way we would recommend.
We will always provide advice on the best valuation method, so that your insurance policy will react in the way you’d expect it to – paying you in full in the event of a valid claim.