About The Service
Offer more competitive buildings insurance premiums using the BCIS Notional Rebuilding Cost Matrix.
The BCIS Notional Rebuilding Cost Matrix provides the notional rebuilding cost of a residential property based on the tried and tested BCIS Rebuilding Cost Models already accepted as standard by surveyors and loss adjusters.
As the sole authority on residential rebuilding costs with over 30 years experience, BCIS are best placed to provide accurate, consistent and up-to-date notional rebuilding costs.
With independent data for setting notional sums insured now available from the UK's leading building cost experts, insurers can concentrate on their rating structures.
Working with Capita Insurance Services, the BCIS team will be rolling out the new service to the general insurance market throughout 2008.
The BCIS Notional Rebuilding Cost Matrix is provided in a comma delimited format ready to import into insurer databases.
A notional rebuilding cost can be obtained for properties with either brick walls and tile/slate roof or stone walls with a tile/slate roof. The rebuilding cost provided will depend on the factors listed below:
Field |
Notes |
|---|---|
Outcode |
First half of postcode, e.g. LS18 |
Type |
House, purpose built flat or flat converted from a house. |
Number of Storeys |
For flats this is the height of the block rather than the floor the flat is situated on. A single storey house will be classified as a bungalow. Unknown is an option |
Style |
Detached, semi-detached or terraced |
Year Built |
1720-1839, 1840-1919, 1920-1945, 1946-1979 & 1980 to date |
Number of Bedrooms |
Including rooms used for other purposes but originally intended to be a bedroom |
