Flatrate provides an instant quotation for an insurance valuation

Insurance Valuations for Blocks of Flats

Barrett Corp Harrington’s ‘flatrate’ service makes getting a quotation for an insurance valuation for a block of flats easy, simple and quick.

We have surveyed many blocks of flats over a ten year timescale and we have gained the experience to be able to provide this online quotation service.

We are confident that this service will cover well over 95% of blocks in the UK.

The quotation takes the information that you provide and calculates a fee for a valuation survey, providing you with an instant quotation.

Follows is a summary of the information required for completing the flatrate quotation request…

  1. Your contact details, your address and the property address as well as details of any Residents Association if applicable.
  2. The property details including the number of flats and the number of storeys.
  3. If the property is listed, which Grade would this be?
  4. Current Sum Insured.
  5. Your broker if applicable and the current insurer.
  6. You can also upload any photos or other documents that you believe are relevant to the survey.
An insurance valuation survey for a block of flats — what you can expect.

1. On receipt of instructions

A BCH Assessor will make contact with the Client or Property Manager within 24 hours, to arrange a mutually convenient appointment.

Internet research is undertaken to ascertain as much prior information about the building and its location as possible, identifying any potential issues.

2. Site visit

Using calibrated measuring equipment, the Assessor will take appropriate measurements of each building. All outbuildings and external features such as access roads, paving, walls, fences etc, are also measured to allow accurate costings.

Detailed notes will be taken, recording the age, method of construction, style and building materials, as well as any specific features such as balconies and the like.

Ideally some internal access will be available, allowing details of internal features and standard of internal fit-out of individual flats and communal areas to be established.

Photographs are taken of the main elevations and of particular features, for later incorporation into the report and as an extension to site notes.

3. Valuation & Report

A full cost analysis is undertaken using data obtained from a wide variety of sources, including BCIS, as well as in-house and empirical data, in order to build up an accurate Reinstatement Cost Assessment.

The assessment is presented in a succinct report format with full explanatory notes.

All assessments are carried out by one of a team of regional assessors, which includes Chartered Surveyors, Chartered Loss Adjusters and other suitably qualified individuals.

Compliant with RICS and strictly audited

All reports comply with the latest RICS Guidance and are strictly audited prior to issue as part of our quality control process.