QuestGates has launched a valuations division.

This will offer buildings, contents, plant, machinery and IT valuations for commercial and high net worth insureds, brokers and insurers.

The loss adjuster said the service has been introduced specifically "to provide a solution for the increasing number of clients who want an independent survey to provide an accurate value at risk, thus avoiding the risk of under-insurance".

QuestGates' business development director Alistair Steward said: "The demand for re-instatement valuations, particularly for buildings, by surveyors with adjusting experience has never been higher. The level of interest we have received even before the official launch, especially from brokers, has been very encouraging."

Chris Hall, managing director, added: "We are in discussions with a number of insurers and brokers regarding specific client branded schemes and hope to make further announcements in this regard in the near future."