Charterfields understand that providing accurate insurance assessments for material risks are a vital element of any cover programme. With under insurance potentially leading to shortfalls in claim settlements, and over insurance resulting in excess premiums for no benefit, Charterfields works closely with clients to thoroughly understand and report values for a wide range of risk categories.

Our innovative Declared Value Health Check (DVHC) offers clients the option of receiving initial free advice to determine whether an under or over insurance position exists, before commissioning a paid for insurance assessment. Adopted by many of the leading insurance brokers, our DVHC service is available upon request.

Supporting clients, brokers, insurers and risk managers nationally and internationally, Charterfields is experienced in providing insurance assessments for all categories of asset at risk with reports designed around the cover programme.

Insurance Cost Assessment service

Where a detailed study is needed, Charterfields can provide an insurance cost assessment service. Assessments cover rebuilding or replacement costs, consideration of debris removal and professional fees, and advice on the treatment of non-recoverable taxes and first loss analysis.

Assessments can report on a reinstatement cost, indemnity value, modern materials, obsolete buildings or a debris removal only basis.

Charterfields’ insurance cost assessment service also provides a two year period of desktop inflation monitoring support for an asset base. This service is underpinned by constant, tailored, research of cost and value trends, relevant to the asset base of each client.
Where an insured’s asset base remains static, a standard insurance cost assessment service is sufficient to provide interim updates between principal assessments, usually performed on a tri-annual basis.

For clients with anticipated capital spend programmes or in cases where reorganisation is likely to be relevant factor Charterfields provide an annual review service.

Risk Categories
Property:
Buildings, tenant’s alternations, additions and improvements, heritage and listed buildings.

Plant, machinery and equipment:
Manufacturing and production plant and equipment, industrial fixtures and fittings, process related services and contents.

Information and communications hardware

Stock and Tooling inventories

Internal works transport fleets

Annual review service
Charterfields annual review service provides the necessary level of expertise to monitor changes to an asset base.
For clients with potentially changing landscapes, for example those with anticipated capital spend programmes or in cases where reorganisation is likely to be a relevant factor, monitoring is essential.
This comprehensive service updates the initial assessments data for capital addition, deletions and cost moments. It provides an annual report, which presents revised declared values at pre-renewal.
As our data is constantly reviewed and updated on a rolling programme this service can eliminate the need for comprehensive tri- annual cost assessments.
Insurance Registers
An insurance register serves as a useful data source to enable future asset tracking and monitoring of assets.

Charterfields is able to collect and develop the data to provide a comprehensive register of the insured assets. These registers are provided in both hard copy and electronic data formats and can be tailored to a client’s individual needs. In addition, by offering primary evidence of asset quantum, this service can speed up the claims process in the event of loss.

Declared Valuation Health Check (DVHC)

At Charterfields we can provide a free, Declared Valuation Health Check (DVHC) service which covers UK material risks. This market leading service provides brokers and their clients with an initial investigation to determine whether existing declared values are reasonable.

This market leading service provides brokers and their clients with an initial investigation to determine whether existing declared values are reasonable.

The DVHC mechanism supports an insured party to begin to better understand the issues that influence cover levels, whilst also identifying when there is a need for an assessment.