Building valuation service
Published On : 29 Sep 2017
It is often quoted that up to 80% of commercial property is underinsured*, but persuading your client to pay for a survey isn’t always easy – and insurers often make no comment until the loss.
What are we offering?
- A desk-top valuation service by RICS-qualified surveyors.
- This service will initially be available on request for commercial buildings insured by the Pen Real Estate team.
- If the valuation is accepted the Average Condition will be removed.
Why use a valuation service?
If your client’s commercial property has a value of £1.5m or less, there is a 60% or greater chance that it is underinsured*. Even above £2m the chance of an incorrect valuation is around 40%.
By taking advantage of Pen Underwriting’s valuation service, brokers can assess the extent of underinsurance in their clients portfolio.
Want to know more?
Get in touch the Pen Real Estate team or your local Business Development Manager; all their contact details are on the Pen App or our website
*Insuranceshortfall.com 31 August 2017