What is a reinstatement cost assessment?
A Reinstatement Cost Assessment or (Building Insurance Valuation) is an assessment to determine how much it would cost to rebuild a building should it be destroyed, such as in the event of a fire or collapse. This figure enables you to insure the building for the correct amount.
If the sum insured is too low you may find yourself liable for the shortfall.
Reinstatement Cost Expertise
Our team is highly skilled at providing Reinstatement Cost Assessments based on accurate appraisals of your property, plant, machinery or other assets. This ensures that you are not paying too much on premiums or too little, which could leave you under insured and therefore exposed to unnecessary risk. Our reinstatement values are calculated by factoring in all necessary costs, including demolition fees and fees to local authorities, giving you peace of mind in knowing that you will be able to fully reinstate your assets.
