Property
Management
Reinstatement calculations for buildings insurance
Property owners sometimes neglect to calculate the actual rebuilding cost when arranging buildings insurance cover. It is their responsibility to insure for the correct rebuilding cost value, to avoid being underinsured and prevent penalties in the event of claims that exceed the insured value. Over the years we have assessed a wide variety of both commercial and residential properties.
Most insurance underwriters require a professional valuation of a building’s rebuilding cost following total destruction. Also known as a Reinstatement Cost Assessment.
Property owners often neglect to calculate the actual rebuilding cost when advising their insurance company of the total sum needed for their building’s insurance. It is their responsibility to insure for the right rebuilding cost value, to prevent penalties in the event of claims.
It is important to note that market value of your property has no direct relationship to the rebuilding cost of your building.
The button above allows you to submit your quotation request online and we will email you your quote. You will be able to accept and proceed with the quote simply by following links in the email you receive. At all times, the team are available if you would prefer to speak to someone, by phone or email for any other enquiries
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