BCIS Residential Rebuilding Cost Look-up Service
Increase your buildings insurance business using real-time residential rebuilding cost estimates from the UK's leading independent experts.
The BCIS Residential Rebuilding Cost Look-up Service allows the insurance industry to obtain instant, real-time estimates of a property's rebuilding cost. The insurance industry has always suffered from inconsistent and inaccurate rebuilding costs causing continued confusion among insurance buyers - until now.
The BCIS Residential Rebuilding Cost Look-up Service is an industry standard tool that ensures robust, consistent and validated rebuilding costs.
Benefits
- Improved pricing - the service plays a significant part in quoting a more accurate and competitive premium for the risk.
- Increased business - offer building insurance quotes even when the customer is unaware of the rebuilding cost.
- Reduced risk - greatly reduced risk of under-insurance.
- Better service - help can now be offered in an area that has previously proved difficult.
- FSA compliance - supports the 'treating customers fairly' initiative.
Accessing the service
The service is easily accessible using industry standard XML technology. It is competitively priced against other industry look-up services in general use such as DVLA vehicle checks, HPI Credit checks and postcode services. BCIS rebuilding cost estimates are based on the following information:
Core data
- Full postcode
- Wall construction - brick or stone
- At least one of the following - Number of bedrooms; Number of rooms; Floor area
- Property age - year of original construction
- Type of property - semi, detached, etc.
Optional data
- Roof construction - Tile, slate, thatch or flat
- Number of floors
- Number of garage spaces
- Number of bathrooms
User Reviews
Darren Black, Head of Home Insurance at Confused.com said:
"The launch of the new easy-to-use BCIS rebuild calculator, is designed to empower customers and subsequently enable them to get the most accurate home insurance quotes possible. As a result, customers could end up saving significant amounts of money on their policies. We are delighted that the BCIS has worked so closely with us."
John Miles, Head of Product Development at Gocompare.com said:
"The BCIS rebuilding Cost look-up service has proven invaluable to us in helping to simplify the Home insurance quote process for customers. It has had a very positive impact on the customer journey and the implementation was done swiftly with the minimum of fuss."
To find out more about the service see the Risk Solutions section
Alternatively please contact:
Matthew Newsome
BCIS Consultant
T: +44 (0)20 7695 1510
M: +44 (0)7808 921111
E: mnewsome@bcis.co.uk
Also see:
BCIS House Rebuilding Cost Calculator
PDF Download - BCIS Residential Rebuilding Cost Look-Up Service
For more information call +44 (0)20 7695 1500 or email contact@bcis.co.uk
