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Reinstatement Cost Assessments

Get the true cost of rebuilding your property or you could leave yourself exposed

All properties, whether they are commercial, industrial or residential, require insurance and Insurers will ask you for an accurate figure for reinstatement purposes.

Reinstatement simply means putting the property back to its former state should the unthinkable happen, such as a flood, fire or natural disaster. Insurers will require a reinstatement figure of how much it would cost to rebuild the property using the same materials originally used.

Do not underestimate the value of reinstatement

This is a different figure to your properties market value, or even the build cost, as it also needs to include the costs of clearing the site and other expenses. An understated reinstatement figure will leave you having to pay the difference between your Insurance claim and the final reinstatement bill which could be costly. It is too easy to leave yourself unnecessarily exposed with an inaccurate Reinstatement Cost Assessment.

What we can do for you:

  • Arrange a visit to your property to discuss your requirements
  • Arrange a review of your property to accurately assess a reinstatement figure
  • Regularly review your requirements
  • Liaise with insurance experts should reinstatement be necessary
  • Oversee reinstatement works
  • Advise on any legislative matters connected with reinstatement
For more information call 020 3102 7701 (London), 01277 223594 (Shenfield) or email info@howecharteredsurveyors.co.uk