In this IIL property investors webinar, Luke Exford gives live examples of the difficulties faced by loss adjustors in dealing with losses on sites that have used modern methods of construction.
For many years, the insurance industry has been wary of the potential reinstatement issues of using modern methods of construction. Sites using prefabricated pods placed into a framework system is a relatively modern concept but what really happens when things go wrong – do we have to dismantle the entire site or can we seal off the pod, do we really need specialist contractors to fix the problem?
Luke Exford has extensive experience dealing with a wide variety of fire losses and the issues faced. Using life case studies, he explains the issues faced with reinstating such buildings and explores the considerations underwriters and brokers should consider when placing complex modern methods of construction risks.