One of the things people seem to get most confused about when it comes to setting building sums insured is whether or not to include VAT.

The problem for many businesses is that getting the right sums insured is often complex and the values in question can change quickly – and many businesses are not prioritising the valuation and risk assessment aspect of their insurance, fearful that it may lead to higher premiums.

To help, our partners at Rebuild Cost Assessment Ltd have put together a short video, which should help clear up some of the key questions.

If you have any questions regarding rebuild values and your existing limits please contact GPS Insurance Brokers on 020 3907 7866

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