Legislation significantly impacts insurance costs for heritage properties. Regulatory requirements and the need to use traditional methods increase both time and expenses for repairs, with higher professional fees for specialists in heritage restoration. #AssetSurveys

Check out our latest article release discussing 'What are the implications of incorrect declared values in insurance?' 💯 charterfields.com/what-are-the-i… 🔗 #blog #surveyor #charteredsurveyor #asset #insurance #insurancevaluation #underinsurance #assetsurveys

Total property claims in 2024 across the UK were £5.7 billion – the largest amount paid out in any year on record - according to the Association of British Insurers. abi.org.uk/news/news-arti… #valuation #assetadvice #asset #insurance #insurancevaluation #underinsurance

Many property owners mistakenly assume that the insurance valuation of their property is the same as its market value, but this is not the case. #underinsurance #assetsurveys

We will be attending Insurtech Insights Europe in London on March 19th/20th. Please drop our team a note if you would like to catch up at the event. 👋 #insurtechinsights2025 #insurtech #exhibiting #underinsurance #insurance

Underinsurance can leave businesses vulnerable to financial strain; reassessing reinstatement cost assessments in 2025 is crucial to ensuring adequate coverage against unforeseen risks. #valuation #assetadvice #asset #insurance #insurancevaluation #underinsurance #assetsurveys

On International Women’s Day, we celebrate the power, resilience, and innovation of women in business. Women are not just part of the workforce but shaping the future by breaking barriers, leading change, and redefining success. #valuation #assetadvice #asset #insurance

A local business is left in ruins after a devastating storm, but their insurance won’t cover the costs. Years of hard work are gone, and now they’re left struggling to rebuild. This may be a fictional story, but the reality is that disaster can strike anyone at any time.

Our 2025 underinsurance report reveals that over 80% of locations have underdeclared property damage values, with 37% insured for 50% or less of true reinstatement costs. It's clear that indexing values isn't sufficient - policyholders should review their coverage closely.

We attended the excellent Insurtech Insights Europe 2025 event last week. Some fascinating innovations being showcased and insightful panel discussions. #valuation #assetadvice #asset #insurance #insurancevaluation #underinsurance #assetsurveys

Check out our latest article release discussing "What to Expect from an Insurance Valuation Report" 💯 🔗 charterfields.com/what-to-expect… #valuation #assetadvice #asset #insurance #insurancevaluation #underinsurance #assetsurveys

🔎 Insurance valuations focus on the rebuild cost, while market valuations reflect what someone would pay to buy or sell an asset. The difference? One protects your investment, the other reflects its market worth. #InsuranceValuation #MarketValuation #Insurance #AssetAdvice

Did you know? 🔍 Stay informed and ensure accurate values are declared to your insurers by having regular assessments and tracking capex movements!💡 #valuation #assetadvice #asset #insurance #insurancevaluation #underinsurance #assetsurveys

💡 The data that we gather for our Insurance Valuation Reports can have additional benefits for you! These insights can prove valuable for broader business planning and operational efficiency. 👏 #Valuation #AssetAdvice #Insurance #InsuranceValuation #UnderInsurance

Declared Value (DV) = cost to rebuild/replacement at policy start. Sum Insured (SI) = DV + inflation for full coverage. Consult an insurance broker for value calculations. #InsuranceValuation #Underinsurance #AssetAdvice #Insurance

Did you know insurance valuation reports exclude depreciation? ❌ They focus on current reinstatement costs, ensuring policyholders have enough coverage to restore their property without financial shortfalls. 💰 🔗 charterfields.com/what-to-expect…

Tariffs on imported materials like steel, aluminium, and timber increase costs for businesses, causing supply chain disruptions, project delays, and higher prices for housing and infrastructure. 🔗 charterfields.com/will-trade-tar… #valuation #assetadvice #insurance #underinsurance

Our expert surveyors follow a structured methodology to prepare your report.; consultation, data gathering, site inspection if needed, report prep and submission. Larger risks can take around 6-12 weeks. #valuation #insurance #insurancevaluation #underinsurance

Reinstatement costs can vary due to regulations and guidelines based on property type, sector, and location. 📍 ➡️ Take a look at some of the key regulations and guidelines that can impact reinstatement costs: 🔗 charterfields.com/what-to-expect… #valuation #insurance #underinsurance

How often should you review your declared values? We suggest every 3-5 years, but significant changes may require an annual review. Regular updates ensure your coverage remains accurate. 📊 #InsuranceValuation #Insurance #Valuation #AssetAdvice