Our Insurance Reinstatement Valuation will use an industry standard Building Cost Information Service (BCIS) of the RICS to establish a reinstatement value that insurers use to calculate appropriate premiums.
It is extremely important that the sum used to insure your home covers the costs of rebuilding or repairing in the event of a claim. In the worst case for instance, a fire means your house may need to be completely rebuilt, or it may be just your roof that suffers storm damage.
The rebuild costs of a property do not relate to the Market Value so you need to be certain that the cover is sufficient. A property in the least expensive part of Cornwall will cost the same to rebuild as one in the most expensive part of the county.
You should be aware that for an older property the cost of reinstatement will often be significantly higher than any Market Value.
What DowlingDodd Says...
We offer a variety of surveys and valuations for properties, new and old – no matter the condition. Take a moment to browse our other services, below.
We will compile a detailed written and photographic report on the condition of all visible parts of the building, internally and externally, prior to the start of the lease.
SEE MOREA concise report on the condition of your property highlighting major issues enabling you to buy with confidence and assurance.
SEE MOREWe will carry out desktop search to check on important issues before conducting a detailed on-site inspection to record the building’s condition and construction.
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