A Reinstatement Cost Assessment undertaken by a professional building surveyor ensures that a property owner pays the correct level of insurance on the property. It is a detailed assessment of all that is to be insured and is based on the amount that would need to be paid to completely rebuild and reinstate the insured property and effects.
Having an up to date Reinstatement Cost Assessment reduces the likelihood of the property being under-insured which would leave the property owner out of pocket in the event of an insurance claim. It also prevents over-insuring the building and paying premiums that are too high.
At Lawrence & Taylor – Chartered Surveyors we are highly experienced in performing Reinstatement Cost Assessments in accordance with the guidelines laid out by the Royal Institution of Chartered Surveyors (RICS). The RICS recommends that a full insurance valuation is undertaken every three years to ensure it is up to date.
Contact us on 01892 652213 or email us to get a quote today.