Skinner Property Valuations | Professional service
Skinner Property Valuations
Phone: 02 49191260
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22.01.2022 Merry Christmas from skinner property valuations
13.01.2022 Interesting feedback from one of our Clients in regards to Insurance Valuations....Timely reminder of the importance of having the correct amount applied for Re...placement Insurance: I built a building in the early 80's and insurance values have increased yearly (as insurance companies generally do ... ) This year a large Insurance Company sacked all its business consultants and allocated their jobs to a call Center In the Philippines. BUT I eventually tracked my old rep. down - I found out he was Working for a broker - I told him I would rather deal locally .... This is when he dropped the BOMB... "You are so under insured - you would never consider our quote, he said" "Please Explain" I said ..... Well you are insured for $400k - if you ever have a total loss -they say your cover should have been $800k so they give you $200k - goodby! I thought I could rebuild myself for 4-500k - but he explained I would only get a portion of my insured value - depending on REAL REPLACEMENT value.... So I decided since the "point of insurance is so you can sleep nights", I better get a proper valuation on file... It came in at $1.25m So the broker was REALY a FRIEND - because he alerted me to the fact I was Under Insured- and that isn't smart. The small cost of the valuation has given me peace of mind that I have the correct insurance cover!