Services
Building Reinstatement Cost valuations
Reinstatement value – What is it?
The reinstatement value of a property is total cost required to rebuild it entirely, whether due to fire, or an unforseen event or due to severe deterioration requiring demolition.
As surveyors we use industry standard procedures and local insights to determine the reinstatement cost. The variables in these methods vary based on the local area and the construction style of a property.
The importance of knowing the reinstatement value
Understanding the reinstatement value is crucial when contemplating building insurance. Obtaining a precise reinstatement valuation is essential to ensure comprehensive coverage in the event of severe circumstances that may lead to a complete rebuild of the property.
