Insurance Valuations

Most insurers will require a valuation of the cost to rebuild your property in the unfortunate event that it is destroyed by fire or other accident. This is often referred to as a (Fire) Reinstatement Valuation and is likely to differ from the market value of the property.

The valuation process involves a site visit by one of our surveyors to measure your premises and record its construction and any special features. Using this data we can then calculate the cost of rebuilding the property including demolition, asbestos removal (where appropriate) and all professional fees.

If you have insufficient cover, your insurance company will not fund the full cost of rebuilding your premises. Equally if you are over-insured you will be paying too much for your building insurance.

Most modern insurance policies will index-link the initial valuation. It presents best practice to re-value your property every three to five years.

If you are concerned about your level of cover please contact us. Our team offers a professional, efficient service in full accordance with RICS guidance for individual properties or for property portfolios.