Are your sums right?

There have been a number of changes over recent years to the Buildings Regulations in respect of the construction of buildings.

Part L (conservation of fuel and power) came fully into force in October 2010 and this raises the standard in relation to the allowable thermal emissions form buildings. Part K (equality) and Part E (sound insulation) have also impacted on the rebuilding costs, and therefore insurance value, associated with older buildings.

Although the regulations do not apply retrospectively, they would apply in the event of a structure having to be rebuilt, substantially repaired or altered following on from a fire or insured event. The cost of replacing an older poorly insulated building of a lightweight design with a modern, compliant structure can add 50% or more to the cost of replacing with a like for like building. These additional costs should be incorporated within the building sum insured on all property owners policies.

For further information about property owners insurance please contact Pam Jackson at Affinity Select Insurance Services Limited 01825 745 410