The implications of VAT on Building Sum Insured

Many businesses are not prioritising the valuation and risk assessment aspect of their insurance, fearful that it may lead to higher premiums.

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.

To help, Rebuild Cost Assessment Ltd have put together a short 3 minute explainer video, which should help clear up some of the key questions.

For more information or to check your existing sums insured please get in touch with our insurance brokers in Billericay Essex. Horner Blakey are available on 01277 652255 – alternatively, please fill out our contact form and we’ll get back to you ASAP.