The Building Cost Information Service returns real-time accurate assessment of the likely rebuild cost of a certain property.
Kevin Paterson, managing director at Source, said: “Unless your client is buying a property and the rebuilding cost has been assessed in a survey, it is unlikely that they will know the rebuild sum assured.
“That is where this tool really helps as sometimes bedroom rated only can be a bit of a blunt instrument.”
Rob Rushton, head of sales and marketing at Source, said: “Many insurers today require the sum insured as well of or instead of just the number of bedrooms in order to return an accurate quotation.
“We wanted to provide the widest possible range of options to our broker at the point of sale and this fantastic online tool from the RICS does just that.”
The Source GI platform offers guaranteed instant quotes on Buildings and Contents, Buy-to-Let, and ASU/MPPI from a panel including AXA, Zurich, Aviva, Sentinel, RSA, Groupama, Cardif Pinnacle and Towergate.
