Compass Valuation Service

Introduction

We’ve written previously about the importance of being insured for the right amount and how underinsurance can severely impact your business in the event of a claim, and more recently about the increasing costs of rebuilding and replacing Buildings and Structures.

Both of those articles highlight the challenges in calculating how much to insure your physical buildings and structures for, and the pitfalls of getting them wrong.

Here at Compass we believe in coming up with answers to problems and so we’re delighted to launch the Compass Valuation Service.

The Service

Developed in partnership with Sedgwick, the service is exclusive to Compass customers and will help to give you peace of mind by providing a range of options for professional valuations of all the buildings on your park.

It offers service from remote desktop surveys to on site physical valuations, all designed to give you the insight and information you need to insure your business.

As part of the solution you’ll get

• Full reports with declared value, rebuild and sum insured estimates
• Discounted follow up surveys after 3 and 5 years
• Access to quarterly building cost indices and reports

Prices start at £150 + VAT for a desktop review and £800 + VAT for an on site survey and are linked to the size of your business and the sums you need to insure for.

Click here to read more about the service.

Further details

If you want to talk to us about this, or any other matter then please get in touch with your Regional Account Manager. Alternatively you can contact us on 0344 274 0276 or [email protected]

Latest News

Compass Valuation Service

We’ve written previously about the importance of being insured for the right amount and how underinsurance can severely impact your business in the event of a claim, and more recently about the increasing costs of rebuilding and replacing Buildings and Structures.

Read more

The increasing costs of rebuilding

If the worst happens, and you suffer a loss to one of the buildings or infrastructure on your Park then the amount you are insured for becomes an important number. With rising costs of materials and labour knowing how much to insure for is difficult. In this article we examine the trends in the cost of rebuilding and how this might impact your insurance.

Read more

Giving customers fair value

The latest FCA review of General Insurance was specifically designed to ensure customers receive fair value from their insurance providers. The review looked at how firms designed, sold and reviewed their products to ensure they met the needs of their customers.

Read more