REMEMBER IT IS THE RESPONSIBILITY OF THE POLICY HOLDER OR NAMED INSURED TO BE ENSURE THAT THE COVER IS CALCULATED CORRECTLY
How do I know if my house in insured for the correct amount?
An extensive report on your home or property to give you an accurate figure to avoid being underinsured.
What is Insurance Risk Assessment Report?
It is a professionally compiled report that provides a detailed overview covering buildings, machinery, fixtures and fittings, computer equipment, stock and business interruption cover. Generally householders will insure their property at a sum that is based on the current market value of their property. This is not an accurate calculation of your total reinstatement value of your premises. It allows you to review the adequacy of your insurance cover and adjust accordingly to ensure that full cover is provided for thus avoiding underinsurance.
Why Do I Need to have this Report Carried out?
Once you report a claim to your insurance company they will carry out a detailed examination of the claim and examine your insurance policy to ensure that you have cover for the loss incurred. If your current cover is not adequate, you may have your claim reduced by that amount. Also more importantly, in the event of a large fire you may find that the total payout available on your policy falls short of the actual cost to reinstate your home.
How Much does it cost?
- Semi-detached, terrace house within an urban area: €80 + vat
- Detached dwelling house in a rural area: €100 + vat
The above prices are only a guideline, each job is priced accordingly. We will furnish you with a complete report which you can give to your broker or insurance agent at time of renewal, and they will ensure your sums insured are in line with your value at risk.