An insurance valuation estimates how much it would cost to rebuild your property. The calculation is based on using modern materials and techniques, and includes costs such as site clearance. It forms the basis of your buildings insurance policy. This figure is so often mis-calculated leading to shortfalls in insurance claims.
Our Reinstatement Cost Report will include the recommended sum to include for insurance purposes, description of the property and confirmation of materials used in its construction; confirmation of what that sum does and does not include, together with general recommendations so far as insurance is concerned.
It should be appreciated that the reinstatement cost of any property is unlikely to be as the same as the market value. It is recommended therefore that the reinstatement cost for your property should be updated at regular intervals.