Reinstatement Cost Assessments
An accurate cost of rebuilding your property
All properties, whether commercial, industrial or residential, require insurance and need to include an accurate figure for reinstatement purposes.
Reinstatement simply means putting the property back to its former state should the unthinkable happen, such as a flood, fire or natural disaster. Insurers will require a reinstatement figure of how much it would cost to rebuild the property using the same materials originally used.
Do not underestimate the value of reinstatement
This is a different figure to your properties market value, or even the build cost, as it also needs to include the costs of clearing the site and other expenses. An understated reinstatement figure will leave you having to pay the difference between your insurance claim and the final reinstatement bill, which could be costly. It is too easy to leave yourself unnecessarily exposed with an inaccurate Reinstatement Cost Assessment.
What we can do for you:
A review of your property to accurately assess a reinstatement figure
Regularly review your requirements
Liaise with insurance experts should reinstatement be necessary
Oversee reinstatement works
Advice on any legislative matters connected with reinstatement