Reinstatement cost assessments for blocks of flats

Our building’s insurance valuations for flats are available for any type of flats from new developments, large schemes to converted houses.

We also have experience and abilities to assess complex listed buildings and properties in unusual or complex locations.

Our work on a range of blocks of flats has enabled us to develop efficient processes and valuable experience which in turn benefits our customers.

Our work on a number of very large schemes has enabled us to develop efficient processes and valuable experience.

Acting on client feedback and drawing from our experience – our fees are based on the number of units and not the sum insured.

So you get a professional, compliant valuation for your flats – at a cost-effective price.

  • Market Analysis
Graph illustrating property valuations
Our surveys show 81% of flats across the UK are only insured for 51% of their actual value.

The risk of underinsurance for blocks of flats is real.

Should a block of flats be under insured, the insurers are not obliged to pay the full costs required to reinstate the building.

They are likely to apply the Condition of Average Clause, whereby the amount of claim is reduced proportionally to the value of under insurance.

In these circumstances the property owner may lose their asset and the tenants may lose their demise.

Should this occur, the property owner or managing agents (where appointed), will be liable for any shortfall in the insurance settlement.

A scenario most owners of flats would find very challenging, especially when it could have been so easily avoided.

  • Facts & Figures

A typical example of underinsurance

Building materials Steel and Masonry
Materials can range significantly in cost.

Given every block of flats is unique — in order to reach an accurate insurance valuation it needs to be valued on an element-by-element basis.

The use of structural masonry versus steel frame on modern buildings for example can have a huge impact on cost.

These materials range significantly in value, ease of procurement and installation time — therefore impacting on the buildings insurance valuation.

Our White Paper provides further information regarding property valuations...

  • RCA Flats
An RCA by BCH covers 31 categories and 83 items.

A fully compliant insurance appraisal for your block of flats.

A Reinstatement Cost Assessment from BCH has been developed over more than 10 years of practical application to over 50,000 properties.

Making a buildings insurance appraisal from BCH one of the most dependable on the market.

BCH Reinstatement Cost Assessments are RICS compliant.
RICS logo
  • Online Quotation
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Get a quotation

Getting a quotation for a Reinstatement Cost Assessment for your block of flats is quick and easy with BCH Flatrate.

  • Portfolios
Illustration of discount
Discounts on portfolios

We offer competitive rates for blocks of flats, estates, certain other buildings and portfolios of two or more sites.

Please contact the BCH Office for further details.

  • ARMA Partner
Upholding standards

ARMA (Association of Managing Agents) aim to raise standards of leasehold management and establish safeguards for leaseholders, they regulate around half of all managing agents in England & Wales.

BCH Reports satisfy the requirements of ARMA Q 5.4.1 giving our customers the re-assurance that their flats have been professionally appraised.