Reinstatement Cost Assessment
Make sure you are adequately insured with a professionally prepared Reinstatement Cost Assessment
Reinstatement Cost Assessments are necessary to make sure your buildings are insured for the correct amount. If the sum insured is too low you may find yourself liable for any shortfall and if it is too high you will be paying a higher premium than necessary.
Our experienced team of Quantity Surveyors have the knowledge and expertise to provide you with an accurate reinstatement cost assessment of your building for insurance purposes. They will also provide you with guidance on what should be covered by your insurer, so that you can confirm that appropriate cover is in place.
We would always advise that professional assistance is sought whenever your insurance is renewed. Not only is a sound knowledge of building costs and inflation required, but also experience in calculating the Declared and Insured Values in accordance with insurance industry recognised methods.
We carry out our reinstatement cost assessments in accordance with the Guidance Notes of the RICS