Getting the right Building sum insured is often complex and although some may be fearful that it may lead to higher premiums, failing to do so can lead to “Underinsurance”, which occurs when you have not taken out the right amount of insurance cover for your needs.

Fewer than one in ten properties in the UK are insured for the right amount and one aspect that can be confusing when it comes to setting a Building sum insured is whether or not to include VAT.

To help, our partners at Rebuild Cost Assessment Ltd have put together a short 3 minute explainer video, which should help clear up some of the key questions.

If you are concerned that you may not have the correct sum insured and require a Building Insurance Valuation please contact us on 020 7637 1606.