Rebuilding Cost Assessments
In the event of a total loss of your property, for example from a fire, buildings must be insured to cover the full cost of demolition and rebuilding, together with any other allowances for professional fees.
Building Reinstatement Cost Assessments establish the cost of rebuilding a property in the event of a total loss, which is usually a requirement of your buildings insurance.
An accurate Building Reinstatement Cost Assessment eliminates the risk of under-insurance ensuring you are fully covered in any event. If under insured, in the event of a loss, your claim value will be reduced potentially leaving you short of funds to complete the rebuild.
A Building Reinstatement Cost Assessment will also ensure you are not overstating the amount and avoid payment of excessive premiums due to over-insurance.
Manor Surveyors have qualified surveyors with the experience and technical expertise that is required to produce accurate Building Reinstatement Cost Assessments, whether it is for a one-off valuation or a complete property portfolio.
