At LPIS, we provide comprehensive insurance solutions for private and commercial landlords, property management companies, and developers.
How accurate is your Buildings Sum Insured?
Exclusive to LPIS
Desk Top Survey from www.rebuildcostassessment.com
Approved by all major insurers
£168.50 per address (including set up fee and VAT)
Upload your current Policy Schedule and Statement
of Fact for a 50% reduction in our standard placement fee
Our friendly team ensures optimal coverage at competitive prices,
coupled with unwavering support throughout your insurance journey.
Our belief in insurance as a partnership reflects our dedication to providing personalised,
efficient claims support and comprehensive coverage for every client.
The Insurance Act 2015 requires the policyholder to make a fair presentation of the
risk before entering into a contract of insurance.
The disclosure must be of every material circumstance which the policyholder knows or
ought to know - and that includes an accurate building sum insured.
In most cases of underinsurance, the Insurer will apply the Policy Condition of Average
to proportionally reduce the value of any claim and retrospectively charge the correct premium.
In serious cases, the insurer might refuse to deal with the claim and / or cancel the policy.