Services
Valuations
Valuations
One of the most common problems we see is underinsurance: buildings and contents insured for far less than it would cost to rebuild or replace them today. Construction costs, building regulations and the cost of materials all move over time, and a figure set several years ago can leave a church facing a serious shortfall after a major loss. A professional valuation gives you a reliable, current replacement figure to insure against.
Baptist Insurance Services can help constituents arrange building valuations and advise on how often they should be reviewed, with a full revaluation at regular intervals and indexation in the years between. If your organisation has built, extended or renovated, or has not had a valuation for some years, please speak with your State Manager so that your sums insured reflect reality.
This is general information about the protection Baptist Insurance Services can arrange. What applies to your organisation depends on the cover in place, so please contact your State Manager with any questions.
