Source Insurance has integrated the Royal Institute of Chartered Surveyors’ (RICS) online tool for accurately calculating the rebuild cost of every property in the UK.

The tool offered by RICS, called the Building Cost Information Service, integrates with the Source on-line GI Platform, returning in real-time an accurate assessment of the likely rebuild cost of a certain property.

Kevin Paterson, The Source’s managing director, 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, added: “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.”