Insurance/Reinstatement Assessment

An insurance reinstatement assessment is a report that estimates the cost of rebuilding a property in the case of total loss or insurable damage. The assessment is used by insurance companies to determine the amount of cover required.

The assessment is typically carried out by a qualified and experienced professional, such as a chartered surveyor. The surveyor will visit the property and assess the cost of rebuilding based on the size, construction materials, design, and other factors. The assessment is based on information provided by the BCIS (Building Cost Information Service) and includes amounts for demolition and professional fees.

The insurance reinstatement cost assessment is an important tool for homeowners and insurance companies, as it helps to ensure that the property is fully covered, and that the insurance is sufficient in the event of total loss. If a property is under insured, insurers can reduce the amount paid out under a claim.

To discuss your requirements in full please contact our office for further information and a fee quote.