An insurance valuation (otherwise know as a property reinstatement valuation) is an assessment of the cost of rebuilding the property in the event of total destruction (e.g. fire), and is usually a requirement of your buildings insurance.
We can undertake the measurement and preparation of a building reinstatement valuation specifically for insurance purposes.
Insurance Valuation are produced using published building cost information and our own in-house information from current or recent projects. Valuations can be undertaken on a one-off basis or reviewed annually where required.
An accurate property reinstatement valuation could save you money on your insurance premiums by accurately determining the value of your property before you obtain a quotation.
Many property owners guess at the cost of reinstatement, but in the event of an insurance claim being made, the first thing the underwriter will ask for is a reinstatement valuation.
If your property is undervalued, you might not receive the full value of your insurance claim. Although many buildings insurance policies are index-linked, it still makes sense to obtain regular reinstatement valuations to make sure that you have sufficient cover.
In the event that your building is destroyed or severely damaged in the event of fire or other catastrophe, we can assist with specifying & administering repairs and agreeing suitable settlements with the insurance loss adjusters.
Our Valuation Surveyors are Chartered Valuation Surveyors, and RICS Registered Valuers. All valuations are carried in full accordance with RICS guidelines.