Valuations

Valuations

Getting and maintaining specialist valuations will help you get the best from your insurance.
 
Historic buildings
Proper valuation is essential.  La Playa can connect you with specialist chartered quantity surveyors and valuation services. The term “specialist” is crucial since the inexperienced valuer may not understand the complexities involved in valuing an historic listed building.
 
Reinstatement Value vs Market Value
The difference between market value and reinstatement value is crucial, especially for historic buildings. You need to determine how much it would cost to rebuild the entire building using like materials and methods of construction.
 
A cursory note of the exterior construction is really not sufficient to calculate the rebuilding cost: from the outside, a building may appear to date from the eighteenth century, but the inner timber structure may be fifteenth century. Special features could be overlooked: fireplace mantles, plaster mouldings, carved timber paneling.

Art, Antiques & Jewellery
Changing trends in the art, antiques and jewellery markets mean that the replacement value is constantly shifting - and premiums may need adjustment (up or down). If you’re not aware of the value of your treasured pieces (or if it’s not documented), you could find yourself significantly underinsured. After the trauma of a theft, the last thing you need is the worry of a difficult negotiation over the value of each piece. Regular valuation, photographic records and registering with a specialist database will all help.

Here you can find links to recommended valuers. 

Valuations Money Stack 1

“The few claims that I have had to make have been dealt with in a very prompt and professional manner - thank you!”

Phil B, Private Client

 

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About La Playa Private Client

Specialist & Independent

La Playa's Personal Risk Concierge service means advice you can trust - from an expert who understands you:

  • Specialist, global policies for affluent lifestyles
  • Independent, specialist advice
  • Boutique–style, luxury service
  • “Can do” culture
  • Worldwide capability with offices in London & New York

Independent and specialist
As an independent broker, we can advise on the best policies available - and on risk management measures including valuations, security, fire prevention and property marking - preserving the value of your property and giving you complete peace of mind. We have access to excellent terms with market-leading high net worth insurers.

In-house Wealth Management
We see insurance as integral to your financial planning - and our in-house financial advice team provides Wealth Management, Pensions and Financial Planning; a joined up approach with a team of advisers working for your best financial interests - all under one roof.

What does “Boutique Service” actually mean?
La Playa’s Personal Risk Concierge means:

1. A dedicated adviser so you can speak to the same person each time

2. Careful listening to really understand your needs and priorities

3. As much help as you need with completing forms to provide risk information

4. A discreet and complimentary appraisal* of your property to assess the risks and ensure you have the right cover where you need it

5. An independent market review market - so you don’t have to shop around comparing policies, cover limits, risks covered and smallprint exclusions

6. Careful monitoring of the insurers’ financial strength, claims and customer service

7. An independent recommendation of the best policy for you - and, importantly, why

8. Specialist policy wordings from underwriters who have demonstrated excellence and deep understanding of your risk exposures. We have analysed a wide range of policy wordings and have selected only the best for our panel. Our advisers have a deep working knowledge of these policies 

9. An intelligently designed portfolio of protection across multiple asset classes and territories

10. Advice on how best to manage your risks - to keep you safe but also to keep insurance costs down

11. Expert guidance on valuations, security and risk management, and connecting you with specialist advisers and suppliers

12. Direct phone, mobile and email access to your adviser for questions and advice. We aim to respond to emails within 60 minutes

13. Policy documents emailed to you - no logins and passwords to remember

14. An advocate beside you if you make a claim - thinking laterally to mitigate the impact, making useful connections to get you back up and running; driving through to a swift and fair financial settlement

Oh, and...

  • No call centres
  • No ‘hold’ music
  • No hidden fees

*subject to availability with our insurer panel

Photo from Private Client
Photo of Mike Taylor-West ACII

Mike Taylor-West ACII

DIRECTOR GLOBAL MARKETS
PRIVATE CLIENT, MARINE & AVIATION

Direct Dial: +44 (0) 203 290 1774

Mobile: +44 (0) 7500 109737

Email: mike.taylorwest@laplayainsurance.com

Twitter: @MTWLaPlaya