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Terms & Conditions – Rebuild Cost Assessment (RCA)

Terms & Conditions – Rebuild Cost Assessment (RCA)

  1. Offer valid for clients that don’t currently have a live policy with Glowsure.
  2. The report will be carried out once the property owners policy is on cover & the premium has been paid or the 1st instalment taken if paying by direct debit.
  3. Glowsure will be able to advise if a desktop valuation cannot be done at quote stage.
  4. Offer is valid for requests received before midnight 30th June 2020.
  5. Offer only applies to desktop valuations (excludes site assessments).
  6. Includes let residential properties, blocks of flats and commercial properties.
  7. We will pay up to a maximum of 3 properties (if part of a portfolio). Price per property after the 3 is discounted to £100.00 per property which the client must pay. All prices are inclusive of VAT.
  8. The reports cover sums insured for commercial premises up to £10m and residential properties up to £5m
  9. Excludes Grade 1 and Grade 2* listed properties
  10. Most Grade 2 Listed properties are included
  11. Some properties may not suit a desktop valuation and may require a site assessment, which is not included in this offer.
  12. Desktop reports are provided to you within a 7-day turnaround.
  13. All reports will be sent to you by email unless otherwise requested.
  14. If a report results in an increase sum insured & subsequent additional premium we will waive our MTA fee.
  15. Reports are carried out by rebuildcostassessment.com.
  16. All desktop reports are RICS approved and are accepted by a growing number of insurance companies, some of who will often agree to waive the average clause.
  17. Subject to rebuild cost assessment terms and conditions Link https://www.rebuildcostassessment.com/zone-broker-terms
  18. We withhold the right to end this offer at any time.
  19. Property Owner quotes are valid for 30 days.
  20. If renewal date is after 30th June 2020, provided you have given us your details to quote at the time of your future renewal date & your request has been received by us by 30th Jun 2020 then we will honour this offer for your future policy. All terms & conditions here will still apply.
  21. If, after receiving your rebuild cost assessment report, it transpires that you are over insured there may be a return premium due. This will be returned to you on a pro rata basis.
  22. If, after receiving your rebuild cost assessment report, it transpires that you are under insured then we will advise what the additional premium will be to increase the sum insured. If you decide not to increase the sum insured in line with the report then you are aware that you are under insured & average will apply to any claims.
  23. If you decide to cancel your policy after receiving your report because you do not want to pay the additional premium for increasing the sum insured then there will no return premium.
  24. If you would like a rebuild cost assessment report carried out without placing your insurance policy with us then we will charge £140 inc VAT (£160 inc VAT with Rebuild Cost Assessment direct).
Regulated by the FCA Terms of Business Terms and Conditions