For those developments and customers currently under a Block Insurance Policy arranged by James Gibb, we will be looking to carry out an insurance revaluation over the next few months.
For any insured buildings, it is important that a revaluation is carried out every 3-5 years and this is a requirement by insurers. Whilst all Block Insurance Policies are index linked on an annual basis to keep in step with inflationary increases for construction costs, materials etc., it is important to obtain a revaluation through a qualified surveyor at regular intervals to ensure that your building is adequately insured.
For the Aberdeen, Dundee and Edinburgh regions, homeowners have already been sent communication and surveys are underway. The Glasgow tender process is being finalised and affected homeowners will receive this communication shortly.
Please note that developments which have had an insurance revaluation within the last 3 years will be excluded from this project.
James Gibb doing it the right way