Concept Claim Solutions Taunton

29/08/2026

REBUILD COST V MARKET VALUE
Know the difference

REBUILD VALUE (Buildings Insurance Value)
This is the estimated cost to rebuild the property from scratch if it were destroyed.
It includes:
• Demolition and site clearance
• Labour and building materials
• Professional fees (architects, surveyors, planning)
• Reconstructing the building to a similar standard
It does not include the value of the land.

Example:
• House market value: £450,000
• Land value: £250,000
• Cost to rebuild house: £180,000
The rebuild value may be around £180,000, even though the property is worth £450,000 on the open market.

MARKET VALUE
This is the price the property could reasonably sell for in the current market.
It is influenced by:
• Location
• Size and condition
• Local demand
• School catchment areas
• Transport links
• Land value

Example: A small house in central London might have:
• Market value: £900,000
• Rebuild value: £250,000
The market value is much higher because the land and location are valuable.

WHY THE DIFFERENCE MATTERS
• Buildings insurance should usually be based on the rebuild value, not the market value.
• Buying, selling, mortgages, probate, and taxation generally use the market value.

28/05/2026

If you want to better understand how the support of a Loss Assessor can make a difference, learn more here: https://conceptclaimsolutions.co.uk/knowledge-hub/what-is-an-insurance-claims-manager-and-how-do-they-help-copy-copy/

Concept Claim Solutions is a trading name of Concept Building Solutions UK Limited, which is authorised and regulated by the Financial Conduct Authority (Firm Reference Number 989782).

18/03/2026

🌟☘️☘️ Testimonial Tuesday - St. Patrick's Day Special! ☘️☘️🌟
Happy St. Patrick's Day. We're celebrating it by highlighting our brilliant Belfast team and the amazing work they're doing ⭐️🙌
We can't recommend Gary and his team enough and it looks like his customers agree! This is another superb review from one of their clients praising their expertise, assistance and professionalism. Sláinte 👏

12/02/2026

It's impossible to completely flood-proof your home, but there are lots of things a homeowner can do to reduce flood damage.

29/01/2026

Myth❌ “Nature based solutions can’t help”
Fact✅ Research in 2025 found that every £1 spent on NFM creates £10 worth in benefits.
Wetlands, planting trees and leaky dams all collectively manage risk, whilst generating multiple benefits like enhancing the natural environment, improving water quality and providing habitats for animals!

The Flood Hub People have recently written this blog which explains the benefits working with nature brings when managing flood risk🔗 https://thefloodhub.co.uk/blog/working-with-nature-to-manage-flood-risk/

29/01/2026

If you have been impacted by the recent storms around , , , , and the surrounding areas, please get in touch to learn about how we can help you: call James on 07799 076 748



JP CLAIMS MANAGEMENT LTD is an appointed representative of Concept Building Solutions UK Ltd who are authorised and regulated by the Financial Conduct Authority

28/01/2026

⚠️ UK Braces itself for Storm Chandra ⚠️
Severe weather warnings for wind and rain have been issued as Storm Chandra is set to hit the UK on Tuesday.
The storm is expected to bring heavy, persistent rain and gales, with damaging gusts up to 75mph (120km/h) in exposed and coastal areas. 💨🌧️
An amber rain warning is also in place for south-west England from 5pm Monday to 9am Tuesday. Stay weather-aware and take care.

28/01/2026

A property insurance claim rarely begins with paperwork. More often, it begins with disruption.

28/01/2026