Welcome to Earl Kendrick Insurance

Earl Kendrick have the rounded expertise and skillset to ensure peace of mind over the whole life of a building.

Welcome to Earl Kendrick Insurance

The key to securing the right kind of insurance for your property is a thorough professional survey of the building’s condition and the relevant terms of any lease.

Overview

The key to securing the right kind of insurance for your property is a thorough, professional survey of the building’s condition and the relevant terms of any lease. That’s where we come in.

We are experts both in Reinstatement Cost Assessment - a careful assessment of what it would cost to rebuild a property if it were destroyed by fire, flood or other perils for which insurance is available - and in overseeing claims in the event of damage or destruction, as well as managing reinstatement works.

Key Insurance Services

  • Reinstatement Cost Assessments.
  • Fire Risk Assessment and advice on Fire Upgrade Works.
  • Assessment of storm, flood and subsidence risk.
  • Damage inspection and diagnosis and advice on repairs.
  • Preparation of repair specifications, implementation of remedial works and management of the project to completion.
  • Liaison with insurers, statutory bodies etc.
  • Independent advice in the event of a dispute with insurers.
About Reinstatement Cost Assessments

An RCA provides essential information for property owners and occupiers, as it will determine the amount for which the property is insured. If the figure is too high, the insurance premiums will be unnecessarily high. If it is too low, the property owner may have to make up the difference between the amount insured for and the actual cost of rebuilding. In fact, insurers can reject claims altogether if the amount insured for falls badly short of the actual cost.

An accurate Reinstatement Cost Assessment is also important for insurance claims for repairs. Most insurance policies specify that in the case of undervaluation by more than ten percent, the insurer will not cover the full cost of any repairs. The Association of British Insurers advise that 20% of householders are underinsured and one study has put the figure at as high as 80%.

Earl Kendrick work with all kinds of buildings, from single houses to residential blocks and commercial properties. This means we bring a range of building surveying expertise to bear, rather than looking at RCAs in isolation. Every building is unique, so a good RCA will take into account the peculiarities of the property in question. We base our assessments on careful analysis of each element, rather than using simple indicative tables, which can often result in misleading assessments. There is a particular danger of undervaluation with period buildings and conversions, and we have particular experience of working with Listed Buildings.

We recommend RCAs are reviewed regularly to ensure they are still accurate, taking into account the changing costs of materials and other developments in the building trade. Best practice recommends that a full reassessment is undertaken every three years. Unlike some other firms that only provide only Reinstatement Cost Assessment, Earl Kendrick provide a full range of related design and technical building surveying services.

We also understand that there are particular challenges with period buildings. These are both practical – e.g., older buildings tend to be built from distinctive materials, and the extra cost must be factored in – and legal, as if a building is Listed, the terms of restoration will have to be discussed with the local planning authority. A good RCA will take all of these factors and more into account, and provides a property owner with genuine peace of mind.

What is the point of an RCA?

An RCA provides essential information for property owners and occupiers, as it will determine the amount for which the property is insured. If the figure is too high, the insurance premiums will be unnecessarily high. If it is too low, the property owner may have to make up the difference between the amount insured for and the actual cost of rebuilding. In fact, insurers can reject claims altogether if the amount insured for falls badly short of the actual cost.
An accurate Reinstatement Cost Assessment is also important for insurance claims for repairs, as opposed to rebuilding from scratch. Most insurance policies specify that in the case of undervaluation by more than ten percent, any pay-out for repairs will be in the same proportion as the proportion of the amount insured for to the actual cost of rebuilding. For example, if the property has been insured for only half that figure, then the insurer will pay out only half the amount needed for repairs. The Association of British Insurers advise that 20% of householders are underinsured and one study has put the figure at as high as 80%. Clearly, then, an accurate RCA is essential if an insurance policy is to provide genuine peace of mind, and protect a property owner from devastating unexpected costs.

How do Earl Kendrick Associates approach RCAs?

EKA work with all kinds of buildings, from single houses to residential blocks and commercial properties. Every building is unique, so a good RCA will take into account the peculiarities of the property in question. The location, construction type and quality all have to be taken into account, along with any distinctive architectural features. Crucially, we base our assessments on careful analysis of each element, rather than using simple indicative tables, which can often result in misleading assessments.

There is a particular danger of undervaluation with period buildings and conversions, and we have particular experience of working with Listed Buildings. Older buildings tend to have higher ceilings, while warehouse conversions, for example, tend to have thicker external walls. Buildings with original fireplaces and chimney stacks are also more expensive to rebuild. Moreover, insurance valuations based on modern materials will be inadequate where distinctive older materials have been used. And if a property is Listed, negotiations will be required with the local planning authority to establish the standard of restoration, and this may involve additional professional fees.

EKA take all of these factors into account to ensure a property's RCA is as accurate as possible. We recommend RCAs are reviewed regularly to ensure they are still accurate, taking into account the changing costs of materials and other developments in the building trade. Best practice recommends that a full reassessment is undertaken every three years. Unlike some other firms that only provide only Reinstatement Cost Assessment, Earl Kendrick provide a full range of related design and technical building surveying services. Above all, we understand how buildings are put together and maintained. This means we are always up-to-date with the latest regulations and statutory controls as well as current tender prices.

Assessing and Managing Reinstatement Works

At Earl Kendrick, we provide RCAs for a variety of building types, and specialise in residential blocks. Because we also provide a full range of related design and technical building surveying services, we are well placed to manage reinstatement works in the event these are required. This includes assessing damage, liaising with the insurer and contractors, specifying the works required and project managing the reinstatement itself.

When appointed on behalf of insurers to assess the damage and coordinate the repairs in a building for which we undertook the RCA itself, we are clearly at an advantage. At each stage we benefit from our previous knowledge of the building, and are able to efficiently implement the actual repairs and see them through to completion.

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Fill in our enquiry form to get in touch about a project or enquiry, or give us a call on 020 3667 1510. We regularly send out copies of our up to date factsheets, event invites and news.

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