Provides an overview of the anticipated cost of reconstructing a building in the event of damage or total loss due to an insured risk, for insurance purposes. Buildings must be insured to cover the full cost of demolition and rebuilding, together with any other allowances for professional fees.
An accurate Reinstatement Cost could save you money on your insurance premiums by accurately determining the value of your property before you obtain a quotation.
We have a sound understanding of construction and the development process that enables us to accurately assess the likely costs and associated considerations for re-constructing a London located building.
– Undertake a site inspection
– Review existing drawings
– Undertake a measured survey to ascertain the gross internal floor areas
– Calculating the day one building reinstatement cost using current cost information and documenting
– Prepare a clear report