Valuations for Short Term Insurance
Experience shows us that approximately two thirds of all residential homes and contents are underinsured by 20 – 50{f92ed3c07130d1d1f7afdfa9419415a96097991b3cd0130fcc5c47b28583da4c} and only very few property owners are correctly covered. Unfortunately, many people shy away from obtaining a professional property valuation, assuming that it might be too costly and preferring to either rely on an estate agent’s free ‘guesstimate’ or to simply insure their home for its purchase price.
However, a professional valuation can be quite affordable and certainly is money well spent when considering its many benefits, especially for the insurer:
- attract new clients – offer to share the cost of a professional valuation
- pass on the responsibility – let the valuer recommend a sum insured
- improved client care image – happy clients
- more loyal to their broker
- more adequately covered clients mean fewer client disputes reflect favorably
- less insurance stress – reduce the incidence of fraudulent claims by obtaining an inventory of your insured property together with the valuation report
- competitive edge – lower costs allow you to price your short term offerings more competitively
With this benefit you will enjoy a professional valuation in hand, e.g. having the assurance of being adequately insured with full recovery in the event of a claim… no averaging and no disputes!
Free or automated valuations cannot reflect the replacement cost accurately as only a qualified valuer is able to observe and account for the unique features of a property and building, such as geographical and topographical location, building design, actual floor area, quality of finishes and workmanship, additional building features etc.
